First Citizens acquires SVB assets, Twitter values itself at ~$20B; CFTC sues Binance and CZ
twistticker.substack.com
First Citizens has agreed to acquire ~$72B of Silicon Valley Bank’s assets at a discount of ~$16.5B, leaving ~$90B in securities and other SVB assets with the FDIC - Link The Information sources: Twitter management offered employees stock grants at a ~$20B valuation, down >50% since the company was taken private; the company plans to have liquidity events every six months, based on a third-party valuation, where employees can sell their equity for cash -
First Citizens acquires SVB assets, Twitter values itself at ~$20B; CFTC sues Binance and CZ
First Citizens acquires SVB assets, Twitter…
First Citizens acquires SVB assets, Twitter values itself at ~$20B; CFTC sues Binance and CZ
First Citizens has agreed to acquire ~$72B of Silicon Valley Bank’s assets at a discount of ~$16.5B, leaving ~$90B in securities and other SVB assets with the FDIC - Link The Information sources: Twitter management offered employees stock grants at a ~$20B valuation, down >50% since the company was taken private; the company plans to have liquidity events every six months, based on a third-party valuation, where employees can sell their equity for cash -