Advanced Television

FDIC

Failed SVB impacts tech players

The Silicon Valley Bank failed on March 10th, leaving Roku, production platform Vimeo and RocketLab at risk until the Federal Government clarifies its position. Roku had some $487 million (€454m) in cash deposited at the bank, the USA’s 16th largest. RocketLab had $38 million in its SVB account, although in a statement it said this […]

March 13, 2023By Chris Forrester