SVB Financial stock tumbles 22% after hours on reports of funds advising clients to pull money from

"My partner is credit officer of a small start up that invests in other tech start up's. All of his employer's money is tied up in SVB. It's not just potentially putting him and his company out but all of the companies they invested in. Not to mention his peers who all work at SVB. It's their whole world and it just blew up overnight."
 
Pekelo said:
"My partner is credit officer of a small start up that invests in other tech start up's. All of his employer's money is tied up in SVB. It's not just potentially putting him and his company out but all of the companies they invested in. Not to mention his peers who all work at SVB. It's their whole world and it just blew up overnight."
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Too bad they didn't look at the SVB chart.
It has been on a downtrend (with highs getting lower and lower and lower and lower )
since Feb 2022.
Who knows, a few months ago, someone already knew how shitty SVB was.


It is extremely rare for stock prices to go up continuously for many decades.
 
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