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Open to the idea of Twitter buying Silicon Valley Bank: Musk after bank's collapse
short by Hiral Goyal / on Saturday, 11 March, 2023
Twitter CEO Elon Musk tweeted he was "open to the idea" of Twitter buying the Silicon Valley Bank and turning it into a digital bank. The California-based lender was shut down by regulators a day after its stock price plummeted by 60%. The 16th-largest bank in US collapsed as depositors rushed to withdraw money over concerns regarding the bank's health.
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