Roku says it “doesn’t know” how much of its money it can get back from SVB

streaming platform Roku Inc. ROKU,
-0.88%
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

Russell Falcon

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