Roku Says $487 Million of Its Cash, or 26%, Was Held in Failed Silicon Valley Bank

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Roku Says $487 Million of Its Cash, or 26%, Was Held in Failed Silicon Valley Bank

Post by Admin » Sat Mar 11, 2023 6:01 pm

About one-fourth of Roku’s cash and equivalents — nearly half a billion dollars — has been held in Silicon Valley Bank (SVB), which was shut down by financial regulators Friday after it collapsed.

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Related: SVB and Sterling Bank Failure in Monkey and Banana Terms

And the streaming platform company said it’s unsure how much of that cash it will recover[...] Read more

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