The collapse of SVB Financial Group’s (NASDAQ: SIVB) Silicon Valley Bank and the way forward has been the talk of the town ever since the crisis came to light.
Musk Is Interested: When a Twitter user suggested Twitter should buy SVB and become a digital bank, Elon Musk, who now owns the social media platform, seemed to agree with the plan.
“I’m open to the idea,” he tweeted.
I’m open to the idea
— Elon Musk (@elonmusk) March 11, 2023
Commenting on the original tweet, Dogecoin co-founder Billy Markus said, “Elon Musk would be like ‘y’all are worried about contagion from SVB? I AM the contagion!’” Others chimed in as well.
A Twitter user pointed to the fact that SVB operated in only a few countries and doesn’t possess the scale to make a global app like Twitter a digital bank or super app. Another said Twitter …
