$Roku filed a Form 8-K revealing that $487M stuck at SVB (25% of cash)

Re:$Roku filed a Form 8-K revealing that $487M stuck at SVB ... by owenbrown on Friday March 10, 2023 @07:36PM (#35103527)

I've always found it odd that cash-rich companies keep bank accounts, when they could purchase short-duration t-bills.

There's now at least one business bank the will purchase t-bills on a companies behalf with minimal transaction costs.

[ Parent | on HN ]

Re:$Roku filed a Form 8-K revealing that $487M stuck at SVB ... by chollida1 on Friday March 10, 2023 @07:45PM (#35103630)

If your Roku, How do you pay

salaries

interest on debt

Bills

Lobbyists

Foreign companies that manufacture your hardware

Hedge currency from foreign sales and bills

All without a bank account?

Keep in mind they say this is 25% of their cash, clearly they invested the bulk of their short terms assets elsewhere .

[ Parent | on HN ]

Re:$Roku filed a Form 8-K revealing that $487M stuck at SVB ... by di456 on Saturday March 11, 2023 @12:34AM (#35105746)

Aka operating cash

[ Parent | on HN ]

Re:$Roku filed a Form 8-K revealing that $487M stuck at SVB ... by dehrmann on Friday March 10, 2023 @08:12PM (#35103897)

You need some of that for working capital, and if you want to play the t-bill game, you're better off with a money market fund and letting someone else do the work for you.

[ Parent | on HN ]