Digital Catastrophes Explained
A digital catastrophe occurs when real-world events are accelerated by online communication, as exemplified by the rapid collapse of Silicon Valley Bank. Within 48 hours, fear spread through social media, leading to a staggering $42 billion withdrawal and marking the second largest banking failure in U.S. history. The discussion highlights how the internet can amplify crises, turning personal incentives into collective action that has profound real-world consequences.In this clip
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