• Sun. Jun 23rd, 2024

Employees Are Auctioning Off Their SVB Merch on eBay

Bynewsmagzines

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

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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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