Banks crushed today

[JaiBalayyaaa]

 

 

[LadiesTailor]

28 minutes ago, JaiBalayyaaa said:

 

 

SVB 55% down… something seriously brewing 

[dasari4kntr]

మామూలుగా కాదు…

 

[dasari4kntr]

2 minutes ago, LadiesTailor said:

SVB 55% down… something seriously brewing 

yes…

[LadiesTailor]

Just now, dasari4kntr said:

yes…

Bro you work for bank right.. any inside news 

[Anta Assamey]

21 minutes ago, LadiesTailor said:

SVB 55% down… something seriously brewing 

Its 61% down as of now..

[dasari4kntr]

15 minutes ago, LadiesTailor said:

Bro you work for bank right.. any inside news 

inside emi ledu bro..already news lo vastunnai…

[ramudu]

23 minutes ago, LadiesTailor said:

SVB 55% down… something seriously brewing 

adi SIVB bro , Silicon vally bank , most of the bay area startsup fav bank ....

[LadiesTailor]

Just now, ramudu said:

adi SIVB bro , Silicon vally bank , most of the bay area startsup fav bank ....

Still bro.. 60% down ante bayam vestundi 

[pandu123b]

felt like beginning of 2008 reces😱sion today 

[Rushabhi]

https://www.reuters.com/business/finance/silicon-valley-bank-sell-stock-cope-with-cash-burn-2023-03-09/

[dallas_ear_rings]

Mee mohal 🧺 a.. 

[LadiesTailor]

3 minutes ago, Rushabhi said:

https://www.reuters.com/business/finance/silicon-valley-bank-sell-stock-cope-with-cash-burn-2023-03-09/

A crucial lender for early-stage businesses, SVB is the banking partner for nearly half of U.S. venture-backed technology and healthcare companies that listed on stock markets in 2022.
 

it will have a ripple effect on all other stocks toooooo

[Spartan]

So Clients (venture capitalists) are burning cash, because they are not putting money on things which are not generating money..

mostly AI based startups i think...

a depositlu gallantaite...inka bank odiki kashtam..anduke selling shares to boost up...

if not all the startups will go dry or shutdown (it is already happening)..

[Spartan]

startup lu band aite..jobs assam...job market lo flood aipotadi.

meta google nunchi startup plan chese vallaki bokka...funding and capitalists dorkaru to invest