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I'm no great fan of Thiel, but it would not make financial sense for him to tank SVB (limited upside vs. the upside potential of his portfolio companies) and wo
by tomhoward 4y ago
I'm no great fan of Thiel, but it would not make financial sense for him to tank SVB (limited upside vs. the upside potential of his portfolio companies) and would likely in breach of several laws, most notably fiduciary duties as a director.
It's a fun theory but doesn't hold up to more than a few seconds' thought.
- wolverine876 4y ago> it would not make financial sense I don't have evidence to accuse Thiel of anything in this event, but many like Thiel, and I think Thiel too, are more concerned with power than money. Many are trying to sieze power in society (in part by creating chaos and disruption), and spend money to do it.
- sidibe 4y agoI dont know either way but none of that is convincing to me. It wouldn't have legal consequences because no one can prove he wasn't genuinely panicked. He does profit if the FDIC doesn't step in his competitors and startups' competitors are hurt. Either way everyone moved their money to Brex where he is an investor. And as an ideologue he can continue his complaints about government and the financial system.