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.
$SIVB has $209 Billions in assets and they have to pay $175 billion for cash deposits and still $34 billion left and ppl thinks companies like $ROKU etc wont get their money back Fed going to fix it over the weekend!!
The building looks good
Problem is the deposit insurance is insufficient... So where is the money. Someone has it.
Recapitalize SVB by collapsing equity and turning the non/insured deposits into equity.