Streaming firm Roku reveals 26% of its cash worth $487 mn is held with SVB

Shares of streaming media company Roku declined after it revealed that 26% of its cash worth $487 million is deposited with the failed Silicon Valley Bank. Roku said the deposits are largely uninsured and it doesn't know "to what extent" it will be able to recover them. Other companies who hold deposits in SVB include Roblox, BlockFi and Rocket Lab.