Responsible for Silicon Valley Bank Bankruptcy Announced!

The United States is currently experiencing a serious banking crisis. Silicon Valley BankThe process, which started with the bankruptcy of , spread to a few more banks in the next stage. Although the US government is making soothing statements, the events are a new one. global recession It makes you think the odds are higher than ever before. The latest news is what sparked the banking crisis in the US. Internet reveals that.

A report by Silicon Valley Bank to regulators includes striking statements. According to the company, customers can get it in just one day. 42 billion dollars They asked for a shoot. Such a large withdrawal demand reduced the bank’s cash balance to -1 billion dollars. Silicon Valley Bank shares on social media platforms and communities in instant messaging apps. panic environment He says that the withdrawal request of 42 billion dollars came in this environment.

The most shared was on Twitter!

According to the statements made, the number one internet channel that caused the bank to fail twitterwas. Because, related posts were made from the accounts followed by thousands of people, and these shares were reaching tens of thousands and hundreds of thousands through retweets. What happened next was not surprising. Shares from Twitter instant messaging apps and through other platforms, it led to the creation of $42 billion in withdrawal orders.

“The first bank crash powered by Twitter”

House Financial Services boss Patrick McHenry comments on the incident as follows: powered by twitter first bank run. Speaking to CNN about the events, Prof. Janet L. Yellen stated that similar incidents have occurred in the past, and that people collectively went to banks. that you attack but he says it was slower in those years. “We now have Twitter.‘ said the professor, explaining how knowledge can spread so quickly with these words.

“Speed ​​destroys stability”

The opinions of industry experts do not change much. For example, a technology industry-focused analyst named Ben Thompson explains the root cause of what happened. Internet says it is. According to Thompson, thanks to the internet, both information spreads very quickly and internet banking cash out race It was getting faster than ever before. Thompson,”Speed ​​destabilizes‘ he evaluated.

So what do you think about this subject? Was the bankruptcy of huge banks really just because of the posts on Twitter? You can share your ideas with us…