Thread by @BYLuvJedi

.@Forbes, a visual thread.
#SiliconValleyBank #SVB
#FTX #Theranos

Holmes received the "Doers Award" at the Forbes Under 30 Summit in Philadelphia.

Elizabeth Holmes was sentenced to 11.25 years in prison for the Biotech equivalent of vaporware among other things

Forbes provides the definitive graph on Elizabeth Holmes

"WHY TRUMP [AND OPRAH] ARE NOW TOO POOR"

Forbes came up with the line, "Should you discount crypto due to a few bad apples?"

Sam Bankman-Fried was friendly enough with Forbes that they received exclusive access to him for a day while he was under house arrest

Forbes loved affair with all things Bankman-Fried even after the fall

On to #SiliconValleyBank (highlighting added)

Forbes has SVB as the 20th best bank in the U.S. 26 days ago (highlighting added)

Light has been made of SVB's focus on diversity while being without a risk officer for 8 months, something Forbes had not critiqued before the collapse

The @themotleyfool nails the point that the collapse was NOT simply do to a "loss of confidence" or "run on the bank". Mismanagement & fraud must be thoroughly investigated. For example under-performing loans may have been inappropriately accounted for. Thoughts @ElonMusk?

If ever there was a tweet deserving of more likes and RT's, it's this one by @JoelKatz

To @JoelKatz's point, how can you watch out for signs of impairment without a risk officer: Monte Carlo 101.

After doing their own research and declaring SVB the 20th best bank in America a couple fortnights ago, Forbes took full responsibility for misleading investors and depositors – just kidding, they blamed Trump.

Forbes blaming Trump for SVB's demise turns out to have been forshadowed by their treatment of @kayleighmcenany and other Trump officials #TDS

Here the NYT blames the victims rather than the underlying fundamentals that tanked Silicon Valley Bank. "Ill-fated decisions" 😂😂😂

Per the Wall Street Journal, the government will make whole all SVB depositors meaning taxpayers will foot the bill for billions of dollars in deposits that the customers KNEW weren't insured. It's tantamount to being able to by fire insurance after your home has burned

So @Forbes, any hot stock tips? (@qasimrashid)

Partial Source Dump:
fortune.com/2023/03/10/sil…
businessinsider.com/dont-hire-form…
forbes.com/lists/americas…
forbes.com/lists/americas…
forbes.com/newsletters/fo…
forbes.com/sites/marisade…
forbes.com/sites/qai/2022…
forbes.com/sites/sarahhed…
forbes.com/sites/steveneh…
ndtv.com/world-news/sil…

nytimes.com/2023/03/10/bus…
nytimes.com/interactive/20…
svb.com/startup-insigh…