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Degens Deteriorating
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JPM putting out a $600 price target in August when they claimed “Now is the time to buy SIVB”
🚨🚨🚨 SVB SHUT DOWN 🚨🚨🚨
LARGEST SHUTDOWN OF A US BANK SINCE 2008
any "uninsured" balances at SVB - those above $250K - are in jeopardy
Expect mass layoffs later today, Monday at latest.
First Republic Bank down bad
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Mark Suster: simp loser of the week
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SVB CEO sold $3.57 million of stock within the last two weeks