Wow, my sister is CFO of a large tech company and I know for a fact she would never let them keep all their eggs in one basket.
She will fid this hard to believe
I wonder how many tech companies are going to have problems meeting payroll next week.
About 26% of Roku’s $1.9 billion in cashWell, it says right in the portion of the story copied here that they didn't have all of their cash in one bank. About 26% was at SVB, which means that 74% must have been placed somewhere else, if the story is correct.