From owning the electric car company Tesla to working day and night with the aim of inhabiting Mars, the one who does it all at once can nobody be other than Musk. He seems to have been known for the magical method that always makes him in the headlines. This time he is in the news because of his response made on a suggestion by co-founder and CEO of American global gaming hardware manufacturer Razer Min Liang Tan. Min suggested Musk turn the failed bank SVB into a digital bank. He wrote, “I think Twitter should buy SVB and become a digital bank”. In response of it, Musk wrote “I’m open to the idea”
As of now this tweet has been retweeted more than 6,102 times and has got more than 90k likes. A Twitter username Ray wrote in a comment
“The Bank of Elon
Musk Bank
Bank X
Blue Bird Bank
I can keep going”
I think Twitter should buy SVB and become a digital bank.
— Min-Liang Tan (@minliangtan) March 11, 2023
Another user went a step ahead by conducting a poll in which he asked users “Should Elon Musk buy SVB” You would be shocked to know that 67.8% of users have supported the Yes and 32.2% of users have chosen No. So there are chances that Musk can come up with something around it but it can be just an answer that is hard to gulp in the case of Musk.
The Death of SVB
The death of SVB is a complex event that is the biggest financial disaster since 2008. By investing in long-term real estate securities SVB digs its grave by itself. The implode of Silvergate was a point start-up and investors panicked and even the request of SVB CEO could not persuade them to not panic and take out the money. As of now, US regulators have overtaken the SVB, and startups are worried about their money in the bank.
