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California: Silicon Valley Bank (SVP), one of America’s largest banks, went bankrupt. This is because the share value of the bank continued to decline. So companies and customers who had deposits in that bank withdrew their deposits. In this case, Elon Musk has tweeted that he is planning to buy the bank.
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Min-Liang Tan, co-founder and CEO of American gaming company Razer, suggested in a tweet that Musk should turn the bankrupt Silicon Valley Bank into a digital bank. “I think Twitter should buy Silicon Valley Bank and turn it into a digital bank” As he said in that tweet. Musk has given the answer.