That’s approximately 26% of the company’s cash and cash equivalents, Roku\n \n said, adding that most of its deposits with the bank are uninsured. “The company’s deposits with SVB are largely uninsured,” Roku said. “At this time, the company does not know to what extent the company will be able to recover its cash on deposit at SVB.
The FDIC is acting as a receiver, which typically means it will liquidate the bank’s assets to pay back its customers, including depositors and creditors. Other companies face fallout Roblox also said in a filing that 5% of its $3 billion in cash was held at SVB. The video game company said the collapse will not affect its day-to-day operations. Crytpo lender BlockFi, which filed for bankruptcy in November, disclosed it held $227 million with SVB in a bankruptcy filing Friday.
DEFEAT TERRORIST AND TREASONOUS CON REPUBLICONS EVERYWHERE. DEREGULATION DOES NOT WORK.
New episode
Time to rethink bitcoin cryptocurrencies
So they still have $1.5 billion elsewhere. What about the people that had all of their life savings of $100k there?!
Do we care
Ratio’d by the roku skyline
C’mon man. Build back better Roku
Is MAGA House members going to investigate this bank collapse or simply take a pass and continue their fake outrage? GOP and HouseGOP are you going to look into this collapse? Crickets 🦗🦗🦗🦗!!!!
关注河南村镇银行侵占公民存款事件
See crypto and banks are not so different. It’s all a ponzi scheme. Your money is not at the bank. Every bank would collapse if we all withdrew are deposits. 🤔😳😬
SVB CRISIS......
REGULATORS TO DISPOSE OF SVB'S ASSETS.....
Go Woke Gone Broke… equality equity bs.. CEO and high ranking executive made millions and walked away the depositors got no access to their accounts. Keep believing equity people.
Well, Dear Roku, stop eating avocado toast, stop going to starbucks, live within your means, and listen to Dave Ramsey, he can teach you to budget and you'll be okay, but do not expect those of us without 500 million to bail you out. We don't feel sorry for you.
Cash in the bank? Not short-term T-bills laddered? Glad they had professionals managing their treasury.
So they only get back 250k? Why not hold multiple accounts?
I need to get a new Smart TV I guess 😂
So are we supposed to feel sorry for Roku. What about the people who had all their savings in there
SVB = Sub Verted Bank. How many tiny hats were at the helm?
A more crucial query is: Why did collapse?
More important question… why did SVB collapse?
That's a damn shame smh
What, it’s not bougie anymore to show off that you’re a start up?😂
250k is all I can give ya, chief
holy shit, dominoes are falling. what a disaster.
I hope Roku is gonna get its 250k back…
starting point of 2nd hamburger crisis
Too bad so sad.$$$$$
What's going to happen to the customer's accounts
Remember tax payers are important
Provide US Student Debt Relief first
This number keeps going up. 1st victim identified?