NEW DELHI: Twitter head Elon Musk on Saturday said that he was “open to the idea” of buying the crash Silicon Valley Bank (SVB) and turn it into a Digital Bank.
The billionaire said this in response to a tweet by Razer CEO Min-Liang Tan, who suggested that Twitter should buy SVB and become a “digital bank”.
To this, Musk replied: “I’m open to ideas.”
The billionaire said this in response to a tweet by Razer CEO Min-Liang Tan, who suggested that Twitter should buy SVB and become a “digital bank”.
To this, Musk replied: “I’m open to ideas.”
@minliangtan I’m open to the idea
– Elon Musk (@elonmusk) 1678500306000
Lenders focused on startups SVB Financial Group became the biggest bank bust since the 2008 financial crisis on Friday, in a sudden collapse that roiled global markets, leaving billions of dollars in the hands of companies and investors. trapped.
Headquartered in Santa Clara, the lender ranked as the 16th largest in the United States at the end of last year, with approximately $209 billion in assets. The specifics of the abrupt collapse of the tech-focused bank are a bit of a mess, but the Fed’s aggressive rate hikes last year, which have already plagued financial conditions in the air startup period in which the bank is a notable, seemingly central player.
