Sorry Roku bros Roblox only had 5% at SVB https://www.wsj.com/livecoverage/stock-market-news-today-03-10-2023/card/roku-stock-falls-after-disclosure-it-has-425m-cash-in-collapsed-silicon-valley-bank-I2w8Pbv65kymi5bimgqQ
wat?
tell us bit more?
tune in to bloomberg TV. it's developing news
going đș
Theyll get it back eventually but not a good situation by any means
Probably not all of it and it will take some time.
đż
Dang
Look on the bright side. They are insured for $250k.
6 months of an engineer base salary đŹ
No58 u sure 1000 will be enough? I guess at least 3k needed
How and where do companies like Apple park their cash? Seems like they need a lot of diversification to de-risk. Seriously curious here.
larger banks like fidelity, jp morgan etc
Why don't startups go with larger banks too? What's the advantage for going small banks?
Itâs locked up for now but itâs not gone. Theyâll get it back as soon as assets are sold off.
Broku
if broku why don't you leave?
Why u care. Go daddy go
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Meaning ?
Roku lost 26% of cash valuation and probably more in stocks. SIVB is not getting bailed out. Money poofed
they parked 26% of the cash they had on hand at SVB. no idea how much of it they will have access to