other material
confidence high
sentiment neutral
materiality 0.30
Roblox discloses ~5% ($150M) of cash held at Silicon Valley Bank, no operational impact
Roblox Corp
- As of Feb 28, 2023, Roblox held $3B in cash and securities; 5% (~$150M) at Silicon Valley Bank.
- Company states the SVB exposure will have no impact on day-to-day operations regardless of outcome.
- Disclosure made on March 10, 2023, in response to the SVB collapse.