A lot of stupid people with stupid opinions about SVB who have no idea what role they play in the modern tech landscape.
I’m guessing with napkin math but we are talking many tens of thousands of businesses mostly in the tech space bank with SVB. Their payrolls may be frozen. Your food might not get delivered. Your consumer product subscriptions may fail. It’s not some eat the rich shit.
Somewhere it is, sure, but the people impacted by this are first going to be payroll, not billionaires.