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These guys only started all caps tweeting after the bank was closed on Friday. The bank run started on Thursday when $42B (20-30% of all deposits) were withdraw
by drexlspivey 4y ago
These guys only started all caps tweeting after the bank was closed on Friday. The bank run started on Thursday when $42B (20-30% of all deposits) were withdrawn.
- mateus1 4y agoYet their sensationalistic tweets probably caused bank runs on other banks, which is the article’s argument.
- unityByFreedom 4y agoThe run they were tweeting about was a wider one on all regional banks. Did not happen at time of their tweets, they were speculating about the future. Why was it the VCs impacted by the SVB collapse, and not the wider banking world, who stood to lose more, who were loudest to make that claim?
- afavour 4y agoThere are numerous accounts of 200+ group chats between SV CEOs and VCs all deciding to withdraw their money too, FWIW.
- cced 4y agoThis weekend, J. was Tweeting about: 1. firearms 2. people needing to be terrified 3. bank runs If you're of the opinion that their Tweets (ignoring what may or may not have happened in certain private chats leading up to) did not lead to the public start of SVB's bank run, maybe? How much pressure did this add on regulators to act NOW to avert an IMMEDIATE and CATASTROPHIC COLLAPSE? However, is it really a stretch to say that those Tweets may have downstream effects on other banks?