Roku, Roblox and other companies impacted by SVB collapse

By Tech Tudum

1. The collapse of Silicon Valley Bank is impacting startups and larger firms, including publicly traded companies like Roku, Roblox, and Quotient.

2. Roku had approximately $487 million held at SVB, representing around 26% of its cash and cash equivalents as of March 10, 2023.

3. Roblox had approximately 5% of its $3 billion cash and securities balance held at SVB as of Feb. 28, 2023.

4. The companies do not know to what extent they will be able to recover their cash on deposit at SVB.

5. Though both companies believe that their existing cash and balance will be sufficient to meet their working capital, CapEx, and material cash requirements.

6. The collapse of SVB highlights its close ties with tech industry and the potential impact on brand-name firms.

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