Silicon Valley Bank failed in spectacular fashion on Friday after investors and depositors tried to pull a staggering $42 billion in one day on Thursday. Tech startups with frozen uninsured funds that need to make payroll shortly have been praying this weekend the bank will be quickly bought, and much sleep has been lost over what ramifications might unfold in the week ahead.
But how did the bank run become so big so fast in the first place? According to one theory, it can be traced back to one email newsletter and an accompanying tweet, and the Twitter reaction that followed.
