Roku has one-fourth of its cash at collapsed Silicon Valley Bank

Roku has one-fourth of its cash at collapsed Silicon Valley Bank

a year ago
Anonymous $Gb26S9Emwz

https://www.siliconvalley.com/2023/03/10/roku-san-jose-silicon-valley-bank-tech-fdic-fail-money-economy/

SAN JOSE — Roku has more than one-fourth of its cash at failed Silicon Valley Bank — mainly in uninsured deposits — a disquieting disclosure by the tech titan that hints at wider woes due to the bank’s stunning collapse.

The streaming giant said it’s not sure when — or if — it will get back its deposited cash at Silicon Valley Bank, Roku revealed in a regulatory filing Friday with the Securities and Exchange Commission.