Silicon Valley Bank Bust

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Silicon Valley Bank Bust

posted on Mar 11, 2023 09:07AM

Some may not have noticed that SVB went bust yesterday, the 16'th largest US bank and the biggest bank default since Washington Mutual.

This contributed to the large equity market sell off and one of the largest bond rallys sine 2008. Given SVB clients are cocentrated in tech companies, the $200B in loses will be felt in VC firms and small tech firms.

It is not surprising that this event would affect the prices of all tech companies including Poet.

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