Roku says it “doesn’t know” how much of its money it can get back from SVB
streaming platform Roku Inc. ROKU,
on Friday said it “doesn’t know” to what extent it would be able to recover the cash it deposited with the recently failed Silicon Valley Bank. Roku said it had about $1.9 billion in cash and cash equivalents as of Friday, with about $487 million — or about 26% — in the bank. Roku said his deposits with SVB are “largely uninsured.” Shares fell 3.7% after hours.
https://www.marketwatch.com/story/roku-says-it-does-not-know-how-much-of-its-cash-it-will-be-able-to-recover-from-svb-10812044?siteid=yhoof2&yptr=yahoo Roku says it “doesn’t know” how much of its money it can get back from SVB