The Silicon Valley Bank episode reinforces the fact that, even with good intentions, sharing that breeds disinformation can have bad results
Moments of great stress and emotion are fertile ground for the creation and dissemination of out-of-context and false information. And the breaking of Silicon Valley Bank fits perfectly with the recipe: an event of large proportions, with many interests involved and with a decentralized flow of communication.
Since Thursday (10), the amount of messages in groups of Whatsappposts on social networks and news on specialized portals and also of general scope was enormous, with the most varied information and theories.
Yesterday (Saturday 11) two lists began to circulate: one without date or source with Brazilian technology companies and another, with the logo of a consultancy firm, but without date, with funds that allegedly have money blocked in the bank svb. The fear generated was that these names would be on the verge of bursting in the next few days.
Thanks to the US government, that risk has been eliminated as customers will now get back whatever they deposited in the bank. But the episode serves as a good warning: be careful when sharing received content in groups and social networks. It is always wise to check sources, verify that the material is in the right context and timely. Even with good intentions, sharing false content or content that generates misinformation can have bad results.
Not related to Silicon Valley Bank
With content also circulating in groups outside the startup bubble, some companies have spoken out on the matter.
OR Nubank yesterday issued a press release to the market (11) stating that “neither the Company nor any of its subsidiaries have exposures to Silicon Valley Bank“.
On social media the foxbits said he never had an account or relationship with the Silicon Valley Bank.
Wanted, the I came he also said he never had any money svb.
fintech Simple accountwhich was not included in the list, but has been questioned by social networks for fear of the effect on digital banks, said in a statement that it has no “operational, strategic or financial connection with the Silicon Valley Bank“. “Therefore, we are free from any risk in connection with the subject. We also inform you that we always work and value security and credibility with our customers,” the company wrote.
Investors
Alongside the list of investors, the startups he found it obsolete, representing positions that existed before the bank’s collapse. This means that it does not represent your current position, which may have changed with withdrawal requests made between Thursday and Friday.
“Most of them are funds that had other banks and didn’t even use the svb because the main bank and also those that have used it, the vast majority, have taken money from there in the last few weeks, you can’t use it as a basis for anything,” said Bernardo Brites, founder of Track financewho actively participated in the withdrawal of money made by startups in svb from Thursday (10).
Source: Terra
Rose James is a Gossipify movie and series reviewer known for her in-depth analysis and unique perspective on the latest releases. With a background in film studies, she provides engaging and informative reviews, and keeps readers up to date with industry trends and emerging talents.
