Roku filed an 8-K saying that of its $1.9B of cash, $487M is stuck at SVB

#1

Post by dhdhd1 » Fri, Mar 10, 2023, 10:47 PM UTC

Roku filed an 8-K saying that of its $1.9B of cash, $487M is stuck at SVB
vikashruhil.medium.com

Re: Roku filed an 8-K saying that of its $1.9B of cash, $487M is stuck at SVB

#2

Post by 0xbadc0de5 » Fri, Mar 10, 2023, 11:14 PM UTC

Aaaand, it's gone. https://www.youtube.com/watch?v=Y3AM00DH0Zo

Re: Roku filed an 8-K saying that of its $1.9B of cash, $487M is stuck at SVB

#3

Post by fullshark » Fri, Mar 10, 2023, 11:24 PM UTC

Does every public company need to file such a form by some time? Could we use these forms and public companies got get some sense of the contagion risk?

Re: Roku filed an 8-K saying that of its $1.9B of cash, $487M is stuck at SVB

#4

Post by hbcondo714 » Fri, Mar 10, 2023, 11:24 PM UTC

Direct 8-K link: https://www.sec.gov/Archives/edgar/data/1428439/000142843923...

Re: Roku filed an 8-K saying that of its $1.9B of cash, $487M is stuck at SVB

#5

Post by vsareto » Fri, Mar 10, 2023, 11:25 PM UTC

Get ready for Pandemic 2: Banking Flu

Re: Roku filed an 8-K saying that of its $1.9B of cash, $487M is stuck at SVB

#6

Post by yasp » Fri, Mar 10, 2023, 11:26 PM UTC

fullshark wrote: post #3

Does every public company need to file such a form by some time? Could we use these forms and public companies got get some sense of the contagion risk?

Only if it's material to the company.

Re: Roku filed an 8-K saying that of its $1.9B of cash, $487M is stuck at SVB

#7

Post by vuln » Fri, Mar 10, 2023, 11:27 PM UTC

Roku stock is down 2.29$ after hours.

I wonder if there is any money to be made shorting companies wrapped up in this mess.

Re: Roku filed an 8-K saying that of its $1.9B of cash, $487M is stuck at SVB

#8

Post by Asparagirl » Fri, Mar 10, 2023, 11:28 PM UTC

Old: Subprime is contained!

New: It’s just some startups!

Re: Roku filed an 8-K saying that of its $1.9B of cash, $487M is stuck at SVB

#9

Post by nodesocket » Fri, Mar 10, 2023, 11:29 PM UTC

yasp wrote: post #6

fullshark wrote: post #3

Does every public company need to file such a form by some time? Could we use these forms and public companies got get some sense of the contagion risk?

Only if it's material to the company.

How long do they have to file the 8-k? I own stock in a few high tech very silicon valley based companies that aren’t mega tech. A little concerned.

Re: Roku filed an 8-K saying that of its $1.9B of cash, $487M is stuck at SVB

#10

Post by yareally » Fri, Mar 10, 2023, 11:30 PM UTC

vuln wrote: post #7

Roku stock is down 2.29$ after hours. I wonder if there is any money to be made shorting companies wrapped up in this mess.

Yes, but the time most of us find out it's likely chasing and low probability (buy the rumor, sell the news)