Shitty.svb 〈TRUSTED〉

Silicon Valley Bank went from a tech-sector staple to a total collapse in just .

: Panic spread on social media, leading to a massive bank run where customers tried to withdraw $42 billion in a single day. Shitty.svb

The collapse was a "perfect storm" of poor risk management and changing economic tides: Silicon Valley Bank went from a tech-sector staple

: SVB announced a $1.8 billion loss on asset sales and a plan to raise capital. Shitty.svb

: Regulators (FDIC) officially seized the bank. 📉 Why It Happened