Birdwatch Note Rating
2023-03-13 01:45:31 UTC - HELPFUL
Rated by Participant: 501A5E6DD423BEE1F8D9DA075B62D6D0D239ED6DB85F59C20FBDDA8D794825BC
Participant Details
Original Note:
These types of advice are the reason Silicon Valley Bank (SVB) failed. ”SVB encountered a classic run on the bank.” [1] “Some SVB clients pulled their money from the bank on the advice of venture capital firms such as Peter Thiel's Future Fund”. [2] [1] https://www.cnn.com/2023/03/11/business/svb-bank-collapse-explainer-timeline/index.html [2] https://www.reuters.com/business/finance/what-caused-silicon-valley-banks-failure-2023-03-10/ [Extra] https://www.usatoday.com/story/money/2023/03/11/why-did-silicon-valley-bank-fail/11452253002/
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