3 ms·

And of course no one has shorted the stocks. /s

• paxys 4y ago
  I assume you know the answer? Or are just pulling facts out of nowhere?
  • fuoqi 4y ago
    This is why I wrote "likely", but as for facts, I know that SVB's CEO has sold his stocks on March 1 for $3M (in addition to a number of earlier sells). And according to Bloomberg short sellers made at least $500M in profits: https://www.bloomberg.com/news/articles/2023-03-10/shorts-make-500-million-on-svb-demise-collecting-won-t-be-easy https://www.bloomberg.com/news/articles/2023-03-10/shorts-ma... I absolutely will not be surprised if in the future we will learn that some enterprising individuals connected to the VC crowd have helped to trigger the run in the right time for them.
    • 7speter 4y ago
      Or the banks leadership saw the inevitable writing on the wall and knew someone was going to start a run.