Roblox Unfazed by Silicon Valley Bank Collapse, Held $150m in Deposits
Roblox Corporation has disclosed that it had $150 million deposited at Silicon Valley Bank, which recently collapsed. However, the company has assured that this will not affect its operations. In a recent SEC filing, Roblox revealed that 5% of its total $3 billion in cash and securities, as of February 28, 2023, was held at SVB. The company stated, 'The situation will have no impact on our day-to…
March 14, 2023, 10:34 a.m.