These Companies—Roku, Circle, Roblox And More—Held Major Funds In Silicon Valley Bank When It Crashed

Roku—a hardware digital media company known for its streaming devices—held about 26% of its cash at Silicon Valley Bank Financial,

to a securities filing, as other companies have disclosed ties to the firm after it was closed by regulators Friday.held an estimated $487 million at SVB, representing approximately 26% of the company’s cash and cash equivalents as of Friday, to a securities filing, wth its remaining $1.4 billion in cash is distributed across other financial institutions, the company noted.

This you?

Are they investigating the bank there should be a congressional investigation

They will now fail with it

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These Companies—Roku, Roblox, Circle And More—Held Major Funds In Silicon Valley Bank When It CrashedThe California-based bank was closed Friday by the state’s financial regulator—the largest to fail since the Great Recession. Recapitalize SVB by collapsing equity and turning the non/insured deposits into equity. Problem is the deposit insurance is insufficient... So where is the money. Someone has it.
Source: Forbes - 🏆 394. / 53 Read more »