Roku says it ‘does not know’ how much of its cash it will be able to recover from SVB

Streaming platform Roku Inc. ROKU, -0.88% on Friday said it “does not know” to what extent it would be able to recover the cash it has deposited with the recently-failed Silicon Valley Bank. Roku said it had cash and cash equivalents of around $1.9 billion as of Friday, with around $487 million — or roughly 26% — at the bank. Roku said its deposits with SVB were “largely uninsured.” Shares fell 3.7% after hours.

Source: finance.yahoo.com

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