Pat's avatar
$24.1m follower assets
SVB crashes
Who is buying $SIVB right now? Hold or buy?
Steve Matt's avatar
I own. Am holding but management is obviously a fresh, new concern to me. CEO less than a quarter ago said cash burn was low. Now this. Then he gives an interview today saying he told customers the bank is fine as long as customers tell other customers it's fine and if they don't, that could cause the bank to not be fine. What in the world is this guy doing?
Rihard Jarc's avatar
@interrobangbros the last part of your comment was epic. :D
Jonathan's avatar
Hold or sell. In the long run it will probably be fine but the capital raise is a dilution for shareholders and that's no fun.
Todor Kostov's avatar
@patwallen @interrobangbros @rihardjarc @jonathanjohnson

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Source: Bloomberg
Steve Matt's avatar
@kostofff That explains the 22% drop after-hours.
Conor Mac's avatar
Life comes at you fast!
Nathan Worden's avatar
Woah this escalated quickly



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