Did Tweets Help Crash Silicon Valley Bank? Paper Shows New Social Media Risks

A new study on Silicon Valley Bank's demise links depositor flight and stock crash with Twitter mentions.

Silicon Valley bank mobile app
(Image credit: Getty Images)

Did panicky tweets kickstart a bank run on Silicon Valley Bank (SVB) last month? 

Five researchers from universities across the U.S. and Europe tackled this thorny question in a new working paper analyzing extensive data on Twitter posts published before, during and after the bank run. Their startling argument: Twitter activity was an active, central factor in the third-biggest bank failure since the 2008 financial crisis – rather than passive commentary on a deteriorating situation. 

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Ben Demers
Audience Engagement Manager, Kiplinger.com

Ben Demers manages digital content and engagement at Kiplinger, informing readers through a range of personal finance articles, e-newsletters, social media, syndicated content, and videos. He is passionate about helping people lead their best lives through sound financial behavior, particularly saving money at home and avoiding scams and identity theft. Ben graduated with an M.P.S. from Georgetown University and a B.A. from Vassar College. He joined Kiplinger in May 2017.