Silicon Valley Bank donated zero dollars to Black Lives Matter - 2023-03-16

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F0.png Silicon Valley Bank donated zero dollars to Black Lives Matter March 16, 2023, Rebecca Crosby, Popular Information

Tuesday night on Fox News, host Jesse Watters asserted that Silicon Valley Bank (SVB) "donated $74 million to Black Lives Matter." That was why, Watters claimed, federal regulators did not pursue more aggressive oversight of SVB's business practices. According to this theory, SVB was treated with kid gloves because it was "woke."

Watters' claim is false. The actual amount that SVB donated to Black Lives Matter was zero. But that didn't stop similar claims from being made repeatedly on Fox News, conservative websites, and social media.

"Silicon Valley Bank, brace yourself, spent more than $73 million on donations to BLM and related organizations," Tucker Carlson declared on Tuesday night. On Wednesday morning, Fox & Friends' Ainsley Earhardt claimed that SVB donated "more than $73 million to Black Lives Matter." There were many more examples on Fox News.

Wikipedia cite:
{{cite news | first = Rebecca | last = Crosby | author2 = Tesnim Zekeria; Judd Legum | title = Silicon Valley Bank donated zero dollars to Black Lives Matter | url = https://popular.info/p/silicon-valley-bank-donated-zero | work = Popular Information | date = March 16, 2023 | accessdate = March 22, 2023 }}