Roku Message Board - Msg: 34218670

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Technology Stocks : Roku

ROKU 106.13

+6.1%

Oct 31 9:30 AM EST

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From: Glenn Petersen	3/10/2023 6:08:10 PM
	of 94

Roku says 26% of its cash reserves are stuck in Silicon Valley Bank Published FRI, MAR 10 20235:36 PM EST Rohan Goswami @ROGOSWAMI CNBC.com KEY POINTS -- Around $487 million, or 26%, of Roku’s cash reserves are stuck at Silicon Valley Bank, the stream said in a Friday SEC filing. -- Shares tumbled after hours on the news, but the company believes its remaining reserves will be enough to meet its financial obligations for at least the next twelve months. Roku has $487 million of cash and cash equivalents in uninsured deposits at failed Silicon Valley Bank, the streaming media company said in an SEC filing Friday. About 26% of Roku’s $1.9 billion in cash was deposited with SVB, which was placed into receivership by the FDIC midday Friday. Roku says 26% cash reserves stuck in Silicon Valley Bank (cnbc.com)

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