I'm not a Thiel fan, but I see no reason to suspect insider information. Their stock was already down Wednesday night. Articles about SVB's conference call star

I'm not a Thiel fan, but I see no reason to suspect insider information. Their stock was already down Wednesday night. Articles about SVB's conference call started showing up almost immediately it happened mid-day on Thursday.[1] I'm not much of a finance person, but the SVB CEO's comments[2] set off alarm bells for me as soon as I saw them on Thursday. Withdrawing their funds was the action that both short-term game theory and act-utilitarianism would point to,[3] so it seems like a no-brainer that Thiel would have his organization pull their funds immediately. If they saw transaction oddities as well, it's even more understandable. [1] e.g. https://techcrunch.com/2023/03/09/silicon-valley-banks-shares-are-tanking-as-a-mess-unfolds/ https://techcrunch.com/2023/03/09/silicon-valley-banks-share... [2] "If everybody is telling each other that SVB is in trouble, that will be a challenge.", "stay calm. That’s my ask.", etc. [3] I'm more of a rule-utilitarian/long view person myself, but it's a lot harder to use that approach in this kind of scenario.