Roku in a regulatory filing also said its deposits with SVB were largely uninsured, sending its shares down 10% in extended trading.
SVB was shuttered by banking regulators on Friday in a bid to protect depositors following a dive in the value of its investment holdings and aRegulators appointed the Federal Deposit Insurance Corp. as receiver, which said that insured depositors will regain access to their deposits no later than Monday.through the startup community as the bank has been central to the formation of many early-stage companies.
Roku in a regulatory filing also said its deposits with SVB were largely uninsured, sending its shares down 10% in extended trading.Share this article:
Ouuuuuu
Roku management gonna get sued, and lose. Talk about financial mismanagement.
Yikes
AlfredMasokola
Chromecast with Google TV Put Roku to bed a long time ago as well as the various Android TV Third party devices. RIP... 😬
the dominoes begin to sway before the fall
Lol
Roku is now singing “if I only had a brain”
😂
The dominoes are starting to Tumble.
What is a Roku?
Ruh Roh
I wonder how much money he can get back from Silicon Valley Bank?
Not anymore
Had
That explains why I gave roku $105 for paramount + and they never paid it😳
Ouch!
Maybe if they identified themselves as Too Big To Fail this wouldn't have happened.
There goes the innovation. Tell me about fire stick..?
I went caput!!
Not anymore! SVB
China will own us soon. Thanks Biden Voters.
RT SVBank sabotage to destroy many companies: suspicious federalreserve USTreasury RepAdamSchiff SpeakerPelosi owners BlackRock
Banking 101: you don't deposit large amount of money in one bank account that exceeds the deposit limit to 250k.
“Had”
Their CFO and their Treasurer should be looking for jobs.
You know BTC doesn’t require you to trust a third party.
Guess they should not have done that
So what does that mean for people?
Roku has a very big problem.
Had** Roku had $487mm in deposits with svb lol
“Money Doesn’t Bring Happiness” Is a song written as a sign of the times meaning that money doesn’t always buy happiness, love, and you certainly can’t take it with you. Great rock guitar tracks.
InvestwithAlen ARKInvest wa-oh 👀
Now it has, ZERO. No Bail-Outs of banks this time
The Biden Economy is soooo great , one of the largest banks got shutdown .
Brandon best economy ever
Build back better