Ava Lab’s Wu on SVB: This Is a Classic Bank Run
Ava Labs President John Wu discusses Silicon Valley Bank’s shares sinking 60% on Thursday, the reason’s behind the fall and his exposure to the bank. He speaks on Bloomberg Technology.
--------
Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: www.bloomberg.com
Connect with us on...
Twitter: / business
Facebook: / bloombergbusiness
Instagram: / bloombergbusiness
Пікірлер: 45
the bank run is happening now. SVB is going to file for Chapter 11 in a few days
He seems visibly shaken
@cvshav
Жыл бұрын
He probably has shares off SIVB. He needs to button up his shirt, looks like a pig
@meishajames7273
Жыл бұрын
Guy is shit scared. Absolutely shit scared.
People being hysterical is indeed ingredient for classic bank run
@deltasyn7434
Жыл бұрын
So don't panic and everything will be okay right?
@dethray1000
Жыл бұрын
@@deltasyn7434 yeah,svb is giving out vasaline to all account holders,no problems-btw the have been shut down
@obsoletevalues6209
Жыл бұрын
Silvergate Capital Corp bank also went belly up.
Take your money out of the banks and *RUN FORRESSSTTTT !!!*
SVB is the next Lehman… first domino
this is going to be fun
Anyone any idea what happen to DXY after this one?
FDIC will take care of you. No worries. They can print money, or just type in a number. The bigger question in why aren't these banks better regulated to prevent this?
@MrCPPG
Жыл бұрын
Wait until the digital dollar is implemented (Biddn executive order 14067).
Silicon Valley venture capital was floundering on alot of real imaginative investing. Maybe Jerome Powell will execute QE immediatly.
@dethray1000
Жыл бұрын
already has,supposely 3 trillion put out there to stem the sinking...
Your shares sitting in a brokerage account is like having cash in the bank. Take it out by putting it in your own name. DRS!
@zo9fg
Жыл бұрын
Isn't it covered by insurance?
@jobob47
Жыл бұрын
you will also note that its not in your name and that most of the brokers will NOT give you an actual certificate. so, yeah, again, you dont actually own it, you have an IOU.
It's a Wonderful Life
Planning to open bunch of credit cards and buy bank stocks 😂
@jambear7862
Жыл бұрын
Stonks*
When the CEO get some video call to specifically tell investors that that everything is OK…….. These fools love to lie to your face as their whole house of cards comes crashing down Run 🏃♂️! !!!!!!
🙎♀"Do you have money in SVB?" 👁👄👁"I don't take Adderall"
Who bought puts
@AJ-iu6nw
Жыл бұрын
I have short call spreads on COIN. The mirage was going to end eventually, just a matter of waiting for an event like this one to occur.
Lol everything is fine! Let it burn!
Wtf. I'm going go pull my money. One goes they all start to go.
😂😂😂😂
Don't panic
The problem is : there is no downside to transfer your money out. So, why not?
🐛
They are all going to the same!! Get out now!!!
it is over--we are headed to a world wide liquidity crisis...make your bets,mine is gold,silver
@zcorpalpha2462
Жыл бұрын
Can’t eat Gold 😂
@MrCPPG
Жыл бұрын
@@zcorpalpha2462 Can't eat dollars. 😂