The failure of Silicon Valley Bank was reportedly caused by social media raising the likelihood of bank runs. - ProyectoNews

Market investors were eager to point out the role social media played in the speed of Silicon Valley Bank's bankruptcy

Approximately six weeks later, a working paper co-authored by many university academics

suggesting that increased social media exposure magnifies the risk of a bank run and cautioning that other banks

The research article states that "communication and coordination pose a risk to banks,

particularly when many of the deposits in the bank are uninsured.

The amplified bank run risk via Twitter conversations is a unique opportunity to observe

that shapes a critically important economic outcome distress in banks," according to the study.

In addition, "given the increasingly pervasive nature of social communication on and off Twitter, we do not expect