How bad are things at Silicon Valley Bank? Ex-employees are auctioning company merchandise on eBay to make a quick buck.
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 one month before the bank blew up. Need to pay rent this month, please,” writes the seller, 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.
Want the two tumblers and bottle set? That will cost you $188.50.
“Given to SVB employees in 2021. An authentic piece of SVB history,” says the seller.
Related: ‘It’s Not the Wealthy Taking the Hit’: Mark Cuban’s ‘Baby’ Among Companies With Millions In Silicon Valley Bank
SVB swag fire sale
The bank collapsed last Friday after a $42 billion bank run, causing the Federal government to take control of SVP over the weekend.
Now some former employees hope there’s a run on SVP-branded swag.
One person claiming to have worked in SVB’s analytics department was selling a used coffee mug, with the message: “Buying this mug helps me out but also gets you a piece of history to one of the fastest banking failures in US history. This mug was used on the day-to-day and shows signs of wear.”
Not all the SVB items are authentic. Some opportunists are cashing in on the tragedy. A seller named Staceys_68 is selling a Silicon Valley Bank SVB 2023 Shirt FDIC 250k.
Others are selling gear supposedly from the Silicon Valley Bank Risk Management Department.
But beware, the seller warns: “Because of high season, there are some colors runs out of stock, we will contact you if that color is out-stock.”