ROKU is a publicly traded company. If you have any tech stocks in your 401K good chance you're exposed. No one knows how many legit companies kept some/all of their operating funds at SVB. That means the express elevator goes all the way to the sub-basement where the little people and their 401Ks are.
By depositing funds in a bank?
https://www.barrons.com/articles/roku-losses-from-svb-failure-25f9d1b5
ROKU is a publicly traded company. If you have any tech stocks in your 401K good chance you're exposed. No one knows how many legit companies kept some/all of their operating funds at SVB. That means the express elevator goes all the way to the sub-basement where the little people and their 401Ks are.
They deposited at a bank that was over leveraged. That pretty much includes all of Wall Street.
I meant, Rich Bankers did it to the banks by making wrong decisions. I simply wrote it wrong. Sorry.