Stock is down 60% in one day and facing a potential run on the bank. Crazy times https://www.reuters.com/business/finance/silicon-valley-bank-sell-stock-cope-with-cash-burn-2023-03-09/
Byeeee
Must be nothing
Let it start.. we will see a lot of bankruptcies.. before fed can pause. All of the houses these banks own will be coming out in the market.
Oh I almost opened my company bank account there but thankfully they rejected my business
Thats what they get for ghosting me
So many VCs and startups use them. Tea leaves not looking good.
yikes - "Some venture-capital investors have advised startups to pull their money out of SVB, citing liquidity concerns, according to people familiar with the matter." https://www.wsj.com/articles/bond-losses-push-silicon-valley-bank-parent-to-raise-capital-125e89d4?mod=hp_lead_pos1
It’s a self fulfilling prophecy. They now have a bank run.
Bankruptcies coming soon. Most stocks and home prices should decrease by a lot at least.
now its down 85%
stonk begone