💰 Roku discloses it has $487 million in deposits at failed Silicon Valley Bank. That’s 26% of its cash.

TL;DR

Streaming company Roku disclosed Friday that it had $487 million parked in now-failed Silicon Valley Bank— that's 26% of the company's cash.  A spokesperson for Roku told Insider by email, "As stated in our 8-K, we expect that Roku's ability to operate and meet its contractual obligations will not be impacted and we continue to have access to $1.  A spokesperson for Roku told Insider by email, "As stated in our 8-K, we expect that Roku's ability to operate and meet its contractual obligations will not be impacted and we continue to have access to $1

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