What role did social media play in the events described?
Becker: Reports Lumped SVB and Silvergate Together
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Business, Social Studies
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Hard
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The transcript discusses how investors mistakenly grouped SVB and Silvergate, leading to rumors and misconceptions spreading online. This culminated in the first social media-driven bank run on March 9th, resulting in a massive withdrawal of 42 billion dollars from SVB within 10 hours.
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OPEN ENDED QUESTION
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2.
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What was the duration of the bank run mentioned in the text?
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