Fintwit's avatar
Fintwit
@fintwitMarch 9
$129.4m follower assets
SVB tumbles 60%
Silicon Valley Bank, the 16th largest bank in the United States, lost 60% of its market cap in one day.
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Conor Mac's avatar
Conor Mac
@investmenttalkMarch 9
What was the market cap before the drop?
Steve Matt's avatar
Steve Matt
@interrobangbrosMarch 9
@investmenttalk ~$15.8B. ~$44B 5 months ago.

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Conor Mac's avatar
Conor Mac
@investmenttalkMarch 10
@interrobangbros damn, thanks man
Todor Kostov's avatar
Todor Kostov
@kostofffMarch 9
@fintwit Rough ...
Nathan Worden's avatar
Nathan Worden
@nathanwordenMarch 10
Borrowing short (deposits from tech companies) and lending long (long dated bonds) did not work out well.
Nathan Worden's avatar
Nathan Worden
@nathanwordenMarch 10
@kostofff ooo this is very good, thank you!
Tyler P's avatar
Tyler P@jtpMarch 10
@kostofff we need to get Josh on this platform.
Todor Kostov's avatar
Todor Kostov
@kostofffMarch 10
@jtp @nathanworden

Also, if you are interested more on this topic, I would suggest to follow in the future Chris Whalen. He's one of the best analysts in the field of Financials and he featured today exclusively on the update from Blockworks:

https://www.youtube.com/watch?v=vU1g7ZUQkWI&list=WL&index=1
Nathan Worden's avatar
Nathan Worden
@nathanwordenMarch 11
@kostofff listening to this now!

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