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Roku warns it has $487M held in deposits with Silicon Valley Bank

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Streaming devices maker Roku said Friday it had about $487 million, or 26% of its cash and cash equivalents, held in deposits with SVB Financial Group, which has been closed down by California banking regulators.
Roku in a regulatory filing also said its deposits with SVB were largely uninsured, sending its shares down 10% in extended trading.

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