Roblox says ~5% of cash held with SVB ; No impact on operations
Investing.com
Published Mar 11, 2023 04:49AM ET
Updated Mar 11, 2023 05:21AM ET
Roblox (RBLX) says ~5% of cash held with SVB (SIVB); No impact on operations
Roblox (RBLX) disclosed that roughly 5% of its $3 billion cash and securities balance as of February 28 are held at the closed SVB Financial Group (SIVB).
“Regardless of the ultimate outcome and the timing, this situation will have no impact on the day to day operations of the Company,” it said in the filing.
Shares fell nearly 1% in after-hours Friday trading.
By Senad Karaahmetovic
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Written By: Investing.com
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