Friday, March 10, 2023

Oh No My Apes

Haven't been following this but I guess every rich asshole/company in Palo Alto has all their money that isn't in ape pictures and magic coins there.
March 9 (Reuters) - SVB Financial Group (SIVB.O) scrambled on Thursday to reassure its venture capital clients their money was safe after a capital raise led to its stock collapsing 60% and contributed to wiping out over $80 billion in value from bank shares.
Bank run is happening. Exciting!