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Roku Says 26% of Its Cash Reserves Are Stuck In SVB

BeauHD | March 11, 2023  
Roku has $487 million of cash and cash equivalents in uninsured deposits at failed Silicon Valley Bank, the streaming media company said in an filing on Friday with the Securities and Exchange Commission. CNBC reports: About 26% of Roku's $1.9 billion in cash was deposited with SVB, which was placed into receivership by the Federal […]
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