SVB is the first social media bank run in history. The crisis has changed the banking industry forever.
There's a good chance the run on Silicon Valley Bank would not have happened had it not been for social media.Bank runs have happened before, but this collapse was a new tech-fueled phenomenon that shocked the banking industry, regulators and most other experts.
https://www.businessinsider.com/silicon-valley-bank-svb-first-social-media-bank-run-2023-3
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