What Happened to Silicon Valley Bank and How Did it Affect Some Companies?
TL;DR Silicon Valley Bank (SVB), which helped tech companies and startups with banking, recently fell apart and the government took over. This hurt a lot of companies, like Roku, Circle, Roblox, BlockFi, Compass Coffee, and Camp. The bank took risks and may have made bad choices, which caused it to fail. Many companies had to quickly … Read more