How bad are things at Silicon Valley Bank? Former employees auction off company merchandise eBay to earn fast.
Some SVB items include a tattered blue cardboard box with the letters “SVB” emblazoned on it. Asking price: $201.
“Box received after getting offer letter a month before bank burst. Need to pay rent this month, please,” the seller wrote, elonmusk.
If a used turquoise cardboard box from a failed bank isn’t on your wish list, shoppers can purchase a stainless steel SVP wine tumbler for $59.
Do you want a two tumbler and bottle set? That will cost you $188.50.
“Given to SVB employees in 2021. A real piece of SVB history,” says the seller.
Related: ‘It’s Not the Wealthy Take the Hit’: Mark Cuban’s ‘Baby’ on Companies With Millions In Silicon Valley Bank
SVB swag fire sale
The bank collapsed last Friday after a $42 billion bank run, which caused the Federal government to take control of SVP over the weekend.
Now, some former employees hope to have a run on SVP-branded swag.
A person who said he worked in the analytics department of SVB sold a used coffee mug, with the message: “Buying this mug helps me but also brings you a piece of history in one of the fastest banking failure in US history. This mug has been used daily and shows signs of wear.”
Not all SVB items are authentic. Some opportunists profit from tragedy. A seller named Staceys_68 is selling a Silicon Valley Bank SVB 2023 Shirt FDIC 250k.
Others are selling stuff purporting to be from the Silicon Valley Bank Risk Management Department.
But be careful, the seller warns: “Due to the high season, there are some colors that are out of stock, we will contact you if that color is out-of-stock.”