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Posts tagged as “Roku”

FDIC Takes Over Silicon Valley Bank, Leaving Companies in Financial Limbo

Silicon Valley Bank, a major financial institution in the tech and life sciences industries, has collapsed and been taken over by the FDIC, leaving companies such as Roku and Roblox uncertain of their deposits. Roku has $487 million of its $1.9 billion in cash at SVB, while Roblox has $150 million. Companies with deposits of more than $250,000 are in financial limbo, not knowing if they will be able to recover all their funds.