SVB Collapse: Roku Had $487 Million In Money At Failed Financial institution, Rocket Lab, Roblox Additionally Affected

Streaming firm Roku  (ROKU) – Get Free Report, disclosed on Friday that it has 26% of its whole money and money equivalents at Silicon Valley Financial institution which was shut down by the FDIC.

Roku stated it had $487 million of money out of a complete of s $1.9 billion in uninsured deposits at SVB which was positioned into federal receivership on Friday, based on a SEC submitting.

DON’T MISS: Silicon Valley Financial institution Collapse: Giant Account Holders Are Unsecured Depositors

The FDIC solely insures as much as $250,000 of deposits. Further deposits are thought of uninsured.

Shares of Roku fell by 3.65% in digital buying and selling. 

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