These are the companies that disclosed their exposure to SVB as of Friday.
Keep in mind, if your company was open and honest you would disclose quickly to shareholders immediately.
Tip of the Iceberg….
- Circle: $3.3 billion
- Roku: $487 million
- BlockFi: $227 million
- Roblox: $150 million
- Ginkgo Bio: $74 million
- IRhythm: $55 million
- RocketLab: $38 million
- SangamoTherapeutics: $34 million
- LendingClub: $21 million
- Payoneer: $20 million
Bank run tomorrow?
Will these companies lose all those money?
More to come soon™️
Supposedly Etsy stopped payouts to sellers on their platform. https://reddit.com/r/wallstreetbets/comments/11nzl4i/cant_short_sivb_anymore_short_a_basket_of_stocks/
That’s huge
I didn't notice Square being on that list. That would suck....
What sucks as well is all the small/mid size business that were using them.
Gf works(ed?) At a Infosec company in the Midwest. Cfo sent out message Friday basically saying they have no idea how they're going to make payroll but at least wanted to be transparent.
Good info.
Zapped. ⚡️
