It is being reported that ROKU had 26% of total cash and cash equivalents held with Silicon Valley Bank. Layoffs loading .... Here is unverified list of companies impacted https://unusualwhales.com/news/roku-had-26-of-total-cash-and-cash-equivalents-held-with-now-collapsed-silicon-valley-bank
Oh Fxxk, my wife works for Roku
Your wife will be fine. If they have layoffs it’s unrelated to this and opportunistic
Ouch…. But how do we know they didn’t manage to withdraw their funds? People keep forgetting that the reason the crash happened was due to all the withdrawal requests, right? Does anyone know the % of companies who got their $$$ vs those who didn’t?
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I think BlockFi was already boned before this fiasco lol
Yes. Many crypto funds are affected, not surprisingly. So far I have seen in other reports that Yuga Labs, and Proof are also affected (in addition to BlockFi, Circle & Avalanche which are included in the link above)