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Employees Are Auctioning Off Their SVB Merch on eBay

Bynewsmagzines

Mar 15, 2023
Employees Are Auctioning Off Their SVB Merch on eBay


How terrible are issues at Silicon Valley Bank? Ex-workers are auctioning enterprise merchandise on eBay to make a rapid buck.

Some SVB objects include things like a tattered blue cardboard box with the letters “SVB” emblazoned on it. Asking price: $201.

“Box obtained after getting offer letter 1 thirty day period before the bank blew up. Have to have to pay back rent this month, make sure you,” writes the seller, elonmusk.

If a made use of turquoise cardboard box from a failed bank isn’t on your wish checklist, shoppers can acquire a stainless metal SVP wine tumbler for $59.

Want the two tumblers and bottle set? That will price you $188.50.

“Presented to SVB employees in 2021. An genuine piece of SVB record,” states the seller.

Relevant: ‘It’s Not the Rich Using the Hit’: Mark Cuban’s ‘Baby’ Among Firms With Thousands and thousands In Silicon Valley Financial institution

SVB swag fire sale

The lender collapsed last Friday immediately after a $42 billion bank run, causing the Federal federal government to take manage of SVP over the weekend.

Now some former staff hope you can find a run on SVP-branded swag.

A single individual saying to have worked in SVB’s analytics section was offering a applied espresso mug, with the message: “Shopping for this mug aids me out but also receives you a piece of record to a single of the speediest banking failures in US history. This mug was applied on the working day-to-working day and reveals signals of don.”

Not all the SVB items are reliable. Some opportunists are cashing in on the tragedy. A seller named Staceys_68 is offering a Silicon Valley Bank SVB 2023 Shirt FDIC 250k.

Many others are providing equipment supposedly from the Silicon Valley Financial institution Possibility Management Office.

But beware, the seller warns: “Mainly because of substantial year, there are some hues operates out of stock, we will get hold of you if that colour is out-stock.”

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