Tuesday, March 21, 2023

Roku says 26% of its cash reserves are stuck in Silicon Valley Bank

Trending News

  • Around $487 million, or 26%, of Roku’s cash reserves are stuck at Silicon Valley Bank, the streamer said in a Friday SEC filing.
  • Shares fell after hours on the news, but the company believes its remaining reserves will be enough to meet its financial obligations for at least the next twelve months.

Read Full News

Disclaimer: This story is generated from RSS Feed and has not been created or edited by Waba News. Publisher: CNBC


Please enter your comment!
Please enter your name here

- Advertisement -
Latest News

Madonna & Max Martin Are in the Studio Together: ‘When in Doubt, Go to Work’

"Nothing shuts Down the Noise or the Naysayers More then being in the Creative Process," she wrote. Madonna is letting...
- Advertisement -
- Advertisement -

More Stories Like This