Posted on 05/06/2023 12:41:01 PM PDT by RomanSoldier19
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Share Bank runs are always extraordinary. But the first bank run of the social media age has been something else.
The speed with which Silicon Valley Bank collapsed on Friday night under the staggering weight of $US42 billion ($63 billion) of withdrawals, and then had its depositors bailed out on Sunday night in similarly short order, is in part due to the power of social media, and the speed with which information travels across it.
(Excerpt) Read more at afr.com ...
If you don’t blame Trump, blame Musk
Yeah, Musk has become a favored target of the woke. More so than Trump.
This article is from March, not today.
That’s ok, it’s just labeled wrong.
It was confusing that it said “last Friday” when it happened almost two months ago.
I’m sure it’s a fine article but I can’t read it due to paycwall.
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