Home Passive Income Workers Are Auctioning Off Their SVB Merch on eBay

Workers Are Auctioning Off Their SVB Merch on eBay

Workers Are Auctioning Off Their SVB Merch on eBay

How unhealthy are issues at Silicon Valley Financial institution? Ex-employees are auctioning firm merchandise on eBay to make a fast buck.

Some SVB gadgets embody a tattered blue cardboard field with the letters “SVB” emblazoned on it. Asking worth: $201.

“Field obtained after getting provide letter one month earlier than the financial institution blew up. Have to pay hire this month, please,” writes the vendor, elonmusk.

If a used turquoise cardboard field from a failed financial institution is not in your want record, customers can buy a stainless-steel SVP wine tumbler for $59.

Need the 2 tumblers and bottle set? That may value you $188.50.

“Given to SVB staff in 2021. An genuine piece of SVB historical past,” says the vendor.

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SVB swag hearth sale

The financial institution collapsed final Friday after a $42 billion financial institution run, inflicting the Federal authorities to take management of SVP over the weekend.

Now some former staff hope there is a run on SVP-branded swag.

One particular person claiming to have labored in SVB’s analytics division was promoting a used espresso mug, with the message: “Shopping for this mug helps me out but additionally will get you a chunk of historical past to one of many quickest banking failures in US historical past. This mug was used on the day-to-day and reveals indicators of wear and tear.”

Not all of the SVB gadgets are genuine. Some opportunists are cashing in on the tragedy. A vendor named Staceys_68 is promoting a Silicon Valley Financial institution SVB 2023 Shirt FDIC 250k.

Others are promoting gear supposedly from the Silicon Valley Financial institution Threat Administration Division.

However beware, the vendor warns: “Due to excessive season, there are some colours runs out of inventory, we are going to contact you if that colour is out-stock.”