Elon Musk is ‘open to the idea’ of buying Silicon Valley Bank as he lays Twitter payments groundwork

On Friday, US regulators announced the shutdown of the Silicon Valley Bank (SVB) and seized all its assets. The move, which makes SVB the largest retail bank to fail since 2008, roiled global markets and stranded billions of dollars belonging to companies and investors. 

Amid this chaos, Razer CEO Min-Liang Tan suggested that Twitter should consider buying SVB and turning it into a digital bank. Interestingly, Twitter chief Elon Musk responded to his tweet, saying, “I’m open to the idea”.