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Social Media Fueled the Run on Silicon Valley Bank: Study

Silicon Valley Bank dominos falling to other regional financial institutions, Signature Bank, Firdst Republic Bank

Social media fueled the bank run on the Silicon Valley Bank, a run that sent shock waves throughout the U.S. banking industry, according to a 53-page report released last week by a group of university professors.

In their study, the boffins used Twitter data to show that the failure of SVB was preceded by a large spike of public communication on Twitter by apparent depositors who used the forum…


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