Elon Musk claims to buy Silicon Valley Bank

It is the 16th largest bank in the USA and employs more than 6,000 employees. Silicon Valley Bank (SVB) recently announced that it has filed for bankruptcy. Elon Musk was also involved in this event, which is seen as the biggest banking crisis since 2008. In a statement on Twitter, Musk said that he is open to acquiring Silicon Valley Bank.

Elon Musk aspires to Silicon Valley Bank

After Silicon Valley Bank (SVB) collapsed and filed for bankruptcy, many investors and customers began to wonder if a new economic crisis was imminent. Others suggested that Twitter should buy the bank and digitize it.

Razer CEO Min-Liang Tanmade on Twitter in the statement“I think Twitter should buy SVB and become a digital bank,” he said. Elon Musk, on the other hand, implied that he was warm to this idea and replied, “I am open to this idea.”

Twitter, Blue subscription started to enter more financial business on the platform. So acquiring Silicon Valley Bank will help improve these services. Also, some users suggested that Twitter could use SVB for digital banking.

We know that Musk has made jokey statements many times. However, considering that he bought the social media platform Twitter for 44 billion dollars, these statements should not be ignored. Let us remind you that Musk is also one of the co-founders of PayPal.

shiftdelete.net

In addition to entering the banking sector, Musk is also on the agenda to build a new city. Musk plans to set up this formation in an area next to the SpaceX and Boring Factory facilities. It has been reported that the employees will live in the city, which is claimed to be established in the state of Texas.

So what do you guys think about Elon Musk and Silicon Valley Bank? You can share your views with us in the Comments section below.