Is Elon Musk Buying Silicon Valley Bank?


California Banking regulators announced the shutdown of Silicon Valley Bank (SVB) Financial Group on March 10.

Min-Liang Tan suggested on Twitter that Twitter should consider buying SVB and turning it into a digital bank.

Elon Musk responded to the suggestion stating, "I'm open to the idea."

It is unclear what plans Elon Musk could have with SVB, but he has been keen on building everything app X for Twitter.

The acquisition of SVB could provide the banking infrastructure for Musk's mission to make Twitter the biggest financial institution.