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downonthesecond t1_jco18xn wrote

Reply to comment by Goodgoditsgrowing in Peter Thiel says he had $50M in SVB when it collapsed. by PossessionStandard42

Did Moody's downgrade of SVB Financial's credit rating have nothing to do with Thiel and others' decision to withdraw their money from SVB?

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engi_nerd t1_jcs4c3q wrote

It’s lost on them that Theil is more competent than the people running this bank. He made a smart business move because he was paying attention 🤷‍♂️

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