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

Post by zrail » Sat, Mar 11, 2023, 12:47 AM UTC

FormerBandmate wrote: post #44

k8t wrote: post #26

This is not a perfect analysis, but: - Roku has 487M in SVB - After the 8-K released, Roku lost 323M in market cap Basically, the market is expecting around 30c of value recouped for every dollar inside of SVB. (note: I know this analysis isn't perfect, but it gives a rough idea)

I would bet it’s 80 cents on the dollar

Post by temp_praneshp » Sat, Mar 11, 2023, 12:48 AM UTC

carstenhag wrote: post #59

ycstohley wrote: post #33

Earlier quoted context omitted.

[flagged]

Judging by their user name they are from a german-speaking country like I am, and yesterday there was a mass shooting in a church in Germany. Which is not usual, and people care more about that than some bank over the pond.

Post by wlonkly » Sat, Mar 11, 2023, 12:51 AM UTC

bee_rider wrote: post #61

carstenhag wrote: post #50

Earlier quoted context omitted.

And SVB means Silicon Valley Bank, which was shut down by a regulatory body some days ago: https://www.cnbc.com/2023/03/10/silicon-valley-investors-and... (seriously HN, we non-US people have never heard of your terms)

I think it is not a US-specific thing, I live in the US and had never heard of SVB until the recent volley of articles here.

Post by wlonkly » Sat, Mar 11, 2023, 12:52 AM UTC

nodesocket wrote: post #16

dmoy wrote: post #13

Earlier quoted context omitted.

form 8-k itself seems to say 4 days or less: https://www.sec.gov/about/forms/form8-k.pdf

Great, so we can expect to see a flurry of 8-ks come Monday. In the wise words of South Park. “Anddddddddd… It’s gone!”

Post by babyshake » Sat, Mar 11, 2023, 12:55 AM UTC

chasd00 wrote: post #58

aynyc wrote: post #38

I think this might be the beginning. I think various funds (public or private) which have capitals stored in SVB is gonna be in a lot of trouble. Every investment firms are probably scanning their portfolios and business cash lines to see how much they are impacted by SVB and similar banks. I wouldn't be surprised to see a run on banks in the next few days/weeks if additional rumors (true or not) come out. Edit: didn…

I just got an email from Mercury saying they’re well capitalized and all is well. “ I want to assure you that Mercury is in a strong financial position (profitable and well-capitalized), and we have a number of ways that we keep deposits on Mercury safe:” Uhoh.