I just saw recent footage of 40-50 people standing in line outside an SVB branch... | Hacker News

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		ashwagary on March 10, 2023 \| parent \| context \| favorite \| on: FDIC Takes over Silicon Valley Bank I just saw recent footage of 40-50 people standing in line outside an SVB branch waiting for service (withdrawals most likely). I would surmise that the news spread fast among the tech demographic the bank services and the run is really bad.

toufka on March 10, 2023 [–]

And in this case, tech savy individuals are willing to send $XXM in 6 clicks, 3min after getting a slack message. That's a pretty quick kind of run relative to old-school 'stand in line for your personal life savings' kind of run.

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