Roblox (RBLX) said in a regulatory filing that of its $3B of cash and securities balance as of February 28, 2023, approximately 5% is held at Silicon Valley Bank (SIVB). Thus, regardless of the ultimate outcome and the timing, this situation will have no impact on the day to day operations of the company, Roblox said.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on RBLX: