When Silicon Valley Bank went down last week, if its accounts weren't covered by a federal bailout (which technically wasn't a 2008-style bank bailout), Roku would have been hurt, but not as bad as others. Roku was an SVB client but only held about 25% of its reserves in cash and equivalents in the bank, I have no idea if it's commonplace for companies to do this, but Roku turns out to have hedged its banking bets. The same cannot be said for others in the list of higher profile companies that were affected by the SVB collapse. These include Vox, Etsy, crypto firm Circle, video-game crack for kids company Roblox, video streamers Vimeo and Fubo and many more.
The situation was a mess and a fumble on SVB's part that in retrospect appears to have been avoidable.
Roku Avoids Disaster in Silicon Valley Bank Collapse
