Is Elon Musk Buying Silicon Valley Bank?

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

[{"selector":"#anim-a929d255-993b-4c03-aab7-68da4d18bbaa","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3cef71cc-cb9a-4da5-99fe-cdddc2e9f1bd","keyframes":{"transform":["rotate(-360deg) translate3d(115.55555%, 0px, 0) rotate(360deg)","rotate(-360deg) translate3d(0px, 0px, 0) rotate(360deg)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

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

[{"selector":"#anim-6e90e92b-f094-4409-b293-665500b864d8","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-626b0074-76b0-4bab-ba6f-4f2bd18de599","keyframes":{"transform":["rotate(-360deg) translate3d(115.65496%, 0px, 0) rotate(360deg)","rotate(-360deg) translate3d(0px, 0px, 0) rotate(360deg)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

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

[{"selector":"#anim-0c4225c7-e719-42d8-8439-057b055c0aa0","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fc4b6bc0-9b70-4595-87ec-2d990e07c833","keyframes":{"transform":["rotate(-360deg) translate3d(122.62295%, 0px, 0) rotate(360deg)","rotate(-360deg) translate3d(0px, 0px, 0) rotate(360deg)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

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

[{"selector":"#anim-46391fdb-067a-4880-877a-446737ec0ece","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a33c34ba-f03a-4220-91c3-09ef5df4afcb","keyframes":{"transform":["rotate(-360deg) translate3d(115.23810%, 0px, 0) rotate(360deg)","rotate(-360deg) translate3d(0px, 0px, 0) rotate(360deg)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

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

[{"selector":"#anim-30624f4a-3daf-4ba7-aa79-3c23e99c8ae6","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ae3c298d-4566-4d4e-94c5-db0e3b0a5cf7","keyframes":{"transform":["rotate(-360deg) translate3d(115.23810%, 0px, 0) rotate(360deg)","rotate(-360deg) translate3d(0px, 0px, 0) rotate(360deg)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]