Becker: Reports Lumped SVB and Silvergate Together
Interactive Video
•
Business, Social Studies
•
University
•
Practice Problem
•
Hard
Wayground Content
FREE Resource
The transcript discusses how investors mistakenly grouped SVB and Silvergate, leading to rumors and misconceptions spreading online. This culminated in the first social media-driven bank run on March 9th, resulting in a massive withdrawal of 42 billion dollars from SVB within 10 hours.
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2 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
What role did social media play in the events described?
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
What was the duration of the bank run mentioned in the text?
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OFF
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