SVB Collapse: Roku Had $487 Million In Cash At Failed Bank, Rocket Lab, Roblox Also Affected

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The Street

By Ellen Chang Several companies disclosed late Friday evening the amount of cash they had no deposit at failed Silicon Valley Bank. Streaming company Roku (ROKU) – Get Free Report, disclosed on Friday that it has 26% of its total cash and cash equivalents at Silicon Valley Bank which was shut down by the FDIC. Roku said it had $487 million of cash out of a total of s $1.9 billion in uninsured deposits at SVB which was placed into federal receivership on Friday, according to a SEC filing. DON’T MISS: Silicon Valley Bank Collapse: Large Account Holders Are Unsecured Depositors The FDIC only ins…

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