The failure of Silicon Valley Bank is creating a domino effect within the US economy. The last piece is the one posed by the tycoon Elon Musk who is “open to the idea” that Twitter buys the Silicon Valley Bank which suddenly went bankrupt on Friday. On Twitter about the bankruptcy, in fact, in response to a user who proposed that the social network buy the bank, the billionaire replied: “I’m open to the idea.” The billionaire responded to a suggestion by Min-Liang Tan, chief executive of Razer, which sells gaming computers, that “Twitter should buy Silicon Valley Bank and become a digital bank.” Other users have also expressed their support for the proposal.
Elon Musk, who helped launch PayPal, bought Twitter for $44 billion in late October. His goal is to add payments to the platform, which the Silicon Valley Bank acquisition could presumably help.
