The tech bank collapse of 2023
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Roku signals Silicon Valley Bank distress.
The company told the SEC that it had $487 million, around 26 percent of its cash, held with Silicon Valley Bank, which folded today. It also said it’s unsure about how much of that it’ll get back — a common concern among firms that banked there, especially with payday looming.
Roku’s 8-K SEC filing
[www.sec.gov]
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