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Insane valuations can disappear overnight too: Vembu on SVB crisis
short by Ananya Goyal / on Saturday, 11 March, 2023
Zoho CEO Sridhar Vembu, reacting to the collapse of Silicon Valley Bank, tweeted, "Tough times ahead and we must build to be resilient." "[The] sudden collapse reminds us of the fragile foundation of bubble-fueled prosperity the world saw when valuations and net worth appeared to reach insane heights overnight," he added, while warning that such valuations can "disappear" overnight too.
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