Elon Musk Teases Interest In Buying Silicon Valley Bank – SlashGear

Elon Musk teased an apparent interest in buying Silicon Valley Bank, though such aspirations seem to be little more than a tweet-level musing at this time. The original idea wasn’t Musk’s: Min-Liang Tan, CEO of gaming hardware giant Razer, pitched the notion. Musk’s response? “I’m open to the idea.”

The opportunity comes at an interesting time for Musk’s other ventures. The Twitter CEO has made multiple attempts to build a new paid tier for the microblogging platform, with varying degrees of success. Adding a banking element to Twitter could bypass some of the concerns that have arisen since Musk’s takeover, creating a revenue stream without seriously impacting user confidence in the platform. There’s even some buy-in from outside the Twitter ecosystem. Mikael Pawlo, CEO of Swedish financier Bokio and a close observer of the SVB crisis, had this to say:

Thus far, this is nothing more than a conversation. If it develops into an actual strategy, however, it could have far-reaching effects on Twitter and global finance as a whole.