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Y0unGMan
2023-03-16
Great ariticle, would you like to share it?
@MillionaireTiger:When There is a Bank Run on SVB, Where does the Money Go?
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It also means many startups have their bank accounts in SVB, which is the capital that SVB relies on. The second half of 2020 has seen a global funding boom for technology companies, and the rapid growth in startups loans and venture capital funding has led to a huge amount of cash and","listText":"Shares of <a href=\"https://ttm.financial/S/SIVB\">$SVB Financial Group(SIVB)$</a> plunged 60% on Thursday, the biggest one-day drop on record.Another crypto bank Silvergate Capital gave another hit - shut down its banking operations, causing the S&P 500 Banks Index to fall about 6% on Thursday.What happened on SVB?Technology Boom - Total Deposits SkyrocketSVB is Silicon Valley Bank, and like the name, it provides banking services to many startups in Silicon Valley. It also means many startups have their bank accounts in SVB, which is the capital that SVB relies on. The second half of 2020 has seen a global funding boom for technology companies, and the rapid growth in startups loans and venture capital funding has led to a huge amount of cash and","text":"Shares of $SVB Financial Group(SIVB)$ plunged 60% on Thursday, the biggest one-day drop on record.Another crypto bank Silvergate Capital gave another hit - shut down its banking operations, causing the S&P 500 Banks Index to fall about 6% on Thursday.What happened on SVB?Technology Boom - Total Deposits SkyrocketSVB is Silicon Valley Bank, and like the name, it provides banking services to many startups in Silicon Valley. It also means many startups have their bank accounts in SVB, which is the capital that SVB relies on. The second half of 2020 has seen a global funding boom for technology companies, and the rapid growth in startups loans and venture capital funding has led to a huge amount of cash and","images":[{"img":"https://community-static.tradeup.com/news/3c3b3586743bfa9995693d3a380099c4","width":"-1","height":"-1"},{"img":"https://community-static.tradeup.com/news/6d0afb8552e4d779ca8a110f3ddcfe82","width":"-1","height":"-1"},{"img":"https://community-static.tradeup.com/news/6b98a820699c71f4ce400fa77a516448","width":"-1","height":"-1"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949127849","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":3,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[],"lives":[]}