Mar 11, 2023 - Roku warns it has $487M held in deposits with Silicon Valley Bank

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From the Editor's Desk 5 Years Into Life As A Parent, 11 Things I Wish Id Known From The Start The baby I've been bringing up is now five. He can chop carrots and name different types of beetle and do up the velcro on his shoes. I have written more than 130 columns about the wild, endless, everyday wonder of being a parent. And I still have so, so much more to say. Because there is still so, so much to do. And enjoy. And rail against. And learn. What you learn will vary, of course. And it will probably be different depending on whether you are a birth parent, an adoptive parent, a co-parent, a single parent, an older parent, a parent with paid work, a religious parent, a parent of twins, of a newborn, a parent who has experienced pregnancy loss, a parent with a car, a disabled parent, a parent with a dishwasher or a parent who uses the phrase "the days are long but the months are short". I have been some of those things, and I have written about my experience not just to try and communicate it to other people but to try and understand it myself. So, several thousand flannels, tantrums, rashes and kisses later, here is what I've learnt. The day my son was able to say "more bread in my big soft hand" marked a genuine watershed in how I felt as a mother. Walking along the Thames, in the hometown I'd moved back to when he was 18 months old, I remember feeling as if the sun had just come out. There it was. There he was. Not just a baby, a child, a person I loved with a fever, but a companion. Someone I could talk with. Someone who could make his needs known. Someone who would make me laugh and explain his rages and ask amazing questions like: "Why do you smell like onions?" Continued here TradeBriefs: Newsletters for Decision-Makers! Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails. Want the newsletters, without the promotional mailers? Get an (ad-free) subscription to TradeBriefs Premium for just $2 per month. Access to premium content | No advertisement mailers Work Roku warns it has $487M held in deposits with Silicon Valley Bank Rokuin a regulatory filing also said its deposits with SVB were largely uninsured, sending its shares down 10% in extended trading. Work Well Thats Certainly One Way to Deal With the Collapse of Silicon Valley Bank A catastrophic bank failure inspired a toy company's desperate (but very charming) gambit. Work SVB Chief Sold $3.6 Million in Stock Days Before Banks Failure In December, the SEC finalized new rules that would mandate at least a 90-day cooling-off period for most executive trading plans, meaning that they can’t make trades on a new schedule for three months after they take hold. Work California copes with heavy rain, flooding in latest 'atmospheric river' storm Emergency officials in several California counties spent patrolling levies and swollen rivers as an "atmospheric river" storm drenched the already-sodden state with torrential rains. Work The Tiny Island Where Men Have Their Own Language Ngatikese Mens Language is primarily used among men engaged in activities like fishing and boat-building. Work Utah wants you to eat invasive frogs State wildlife officials are promoting a French favorite for dinner. Work South Korea, under pressure from China, is moving closer to the Quad Seoul sees interests as more aligned with those of Quad states and may believe there is little it can do to placate Beijing, observer says. Work Three in Texas sued for wrongful death after allegedly helping woman obtain abortion pills Three women in Texas have been sued for wrongful death over allegations that they helped a friend obtain abortion pills to receive an abortion, the first case of its kind since the Supreme Court ov Work Crypto firm Circle reveals $3.3 bln exposure to Silicon Valley Bank Circle said in another tweet on Friday that it and USDC continue to operate normally while it waits to see how SVB\'s receivership will affect its depositors, while several crypto companies took to Twitter to deny any exposure to the collapsed SVB. Work Abrupt Collapse Of 2 US Banks Has Entrepreneurs, Politicians Worried SVB's abrupt demise - the biggest in more than a decade - has left legions of Silicon Valley entrepreneurs in the lurch and livid. Work Spell It: How 'learned loneliness' is the reason why we're missing out on friendships We discover why our friends circle is getting smaller, and how to make new bonds Work US stocks fall as investors weigh hotter-than-expected hiring against slower wage growth in February US payrolls expanded by 311,000 jobs in February, more than forecasts, but wage growth slowed. Work SunnyD Gets an Adult Upgrade | Entrepreneur The favorite childhood orange-flavored drink of millennials is meeting long-time customers where they are. Work The Future of Conservation Is Basically Shazam for Wildlife Identifying the sounds of whats happening in nature might just help researchers save it. Work Philippe Martinez, the union leader taking on Macron We usecookiesand other data for a number of reasons, such as keeping FT Sites reliable and secure,personalising content and ads, providing social media features and toanalyse how our Sites are used. Work Git and GitHub basics for Data Scientists UCL Data Science Workshop 8: What is Git, Creating a local repository, Committing your first files, Linking to a remote repository Work Facebook-parent Meta plans new job cuts that could match last year's tally Facebook-parent Meta Platforms is planning additional layoffs to be announced in multiple rounds over the next few months, which could match the 13% job cut tally from last year, the Wall Street Journal reported on Friday citing people familiar with the matter. Work Houston woman held captive inside locked trailer for 4 years, prosecutors say A man is charged with felony kidnapping, according to court records. Work Hong Kong court jails 3 members of Tiananmen vigil group Three former members of a Hong Kong group that organised annual vigils to mark China's 1989 Tiananmen Square crackdown, were jailed on Saturday for four and a half months for not complying with a national security police request for information. Work Exclusive: Nissan's electric comeback stalled by Ariya production woes Nissan Motor Co's new Ariya electric vehicle has been hampered by problems at its high-tech production line, four people familiar with the matter said, slowing delivery of a car designed to put the automaker on the road to a comeback. Work 23,000-Year-Old Teeth Fill an Ice-Age Gap Scientists have long assumed that early Europeans took refuge in the southernmost reaches of Spain. But until now, DNA evidence has been scarce. Work Tunisian president says he wants ambassador in Syria -state video Tunisian President Kais Saied said on Friday he wants to see Tunisia and Syria appoint ambassadors to their countries, the latest sign that full restoration of diplomatic relations with Syrian President Bashar al-Assad's government could be imminent. Work Git and GitHub basics for Data Scientists UCL Data Science Workshop 8: What is Git, Creating a local repository, Committing your first files, Linking to a remote repository Work Former car salesman: Never say this 1 thing when negotiating a deal Here's what to avoid saying during a car negotiation, according to former car salesman Matt Jones. Work Iran-Saudi ties: China-brokered win-win deal could bring Yemen war to a close Tehran and Riyadh have agreed to restore diplomatic relations following the Beijing-led talks that experts dubbed as a major development in the Middle Eastern diplomacy. Work Daily Crunch: Silicon Valley Bank goes bust regulators take control of $175B+ in deposits A lot of news in cybersecurity today, as Carly reports that the SEC charges Blackbaud for failing to disclose the ‘full impact’ of a ransomware attack; Zack writes that Telehealth startup Cerebral shared millions of patients’ data with advertisers; and Zack also reports that PeopleGrove security lapse exposed users’ personal information. Meanwhile, Lorenzo dove in to explore how the FBI proved a remote admin tool was actually malware. Work Bank of England puts UK arm of Silicon Valley Bank into resolution We usecookiesand other data for a number of reasons, such as keeping FT Sites reliable and secure,personalising content and ads, providing social media features and toanalyse how our Sites are used. Work Russia-Ukraine war at a glance: what we know on day 381 of the invasion The International Fencing Federation has decided to allow Russian and Belarusian athletes to compete in Olympic qualifying events, sparking outrage in Ukraine. Fencing became the first Olympic sport to reopen events to the aggressor and its ally, one year after their exclusion due to the war in Ukraine. Work Silicon Valley Bank fails in largest bank collapse since 2008 crisis “Startups are not able to access their funds and companies are going to go out of business to cover this,” she said. “The sentiment coming out of this is going to be devastating globally.” Work Russia-Ukraine war live: Bakhmut killing zone hampering Wagner as Russians push to take city, says UK The International Fencing Federation has decided to allow Russian and Belarusian athletes to compete in Olympic qualifying events, sparking outrage in Ukraine. Fencing became the first Olympic sport to reopen events to the aggressor and its ally, one year after their exclusion due to the war in Ukraine. Work Watch: New video shows kidnapped Americans in Mexico hours before attack | CNN Work Labour pledges to overhaul Englands school ratings with report card In Wales the NEU called off strikes scheduled for next week to consider a "constructive" offer from the Welsh government, of an extra 3% immediately and a fully-funded 5% pay rise from September. Work Trump to meet with lawyers on strategy for hush-money probe The Manhattan District Attorney's office has invited Trump to testify before a grand jury next week. His lawyers have not indicated whether he will accept the invitation. Work Kiska, Canada's last captive killer whale, dies Peta described Kiska as the worlds loneliest orca. Read more at straitstimes.com. Work Silicon Valley Bank shutdown leaves start-ups anxious about their funds We usecookiesand other data for a number of reasons, such as keeping FT Sites reliable and secure,personalising content and ads, providing social media features and toanalyse how our Sites are used. Work Slew of ancient discoveries could draw more tourists to Egypt Archaeologists in Egypt have discovered a sphinx-like statue of a Roman emperor complete with a smile and dimples. Work For nearly 2 months, a short seller was warning on Twitter that Silicon Valley Bank was about to blow up. 'It was sitting there in plain sight.' © 2023 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information | Ad Choices FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions. Work 5 more arrested in deadly kidnapping of Americans in Mexico as questions continue to swirl around the case | CNN CNN is looking into the claims by the Mexican president regarding the four Americans' criminal history. A US source told CNN the US hasn't uncovered any evidence the four Americans were in Mexico for criminal purposes. Work Kefalonia claims the title of best Greek island in Which? Travel survey Visitors said the beaches are packed in summer and lined with speakers playing loud dance music, so gave it just one star for peace and quiet. Visitors were however impressed by the “superb” wildflower meadows on the nearby uninhabited island of Delos, one of the most important archaeological sites in Greece, but recommended visiting both islands off season. Work How founders are reacting to Silicon Valley Banks collapse “And I’m like this is so weird because I’m not getting any things from my board, from my major investors, not even from my CFO and then I hop on Twitter and that’s when I was like, ‘This is bad,’” he said. Work Seth Rogen claims having no children made him more successful Actor and his wife Lauren Miller have been married since 2011 Work Circle reveals it has $3.3 billion stuck at Silicon Valley Bank as USDC wobbles against its peg © 2023 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information | Ad Choices FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions. Work Silicon Valley Bank's CEO sold $3.6 million of stock in potentially 'problematic' transaction days before historic bank failure © 2023 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information | Ad Choices FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions. Work How a trip to Mexico for cosmetic surgery turned deadly for US quartet “It makes us feel like we need to be citizens of another country for our government to care about us,” said Lee. “We learned one thing – that the government can produce results, but it’s not producing them for Matamoros.” Work UK state pensions: later deadline for NI top-ups that can mean 55,000 extra AJ Bell says that, broadly speaking, anyone who increases their state pension on these terms would need to live for at least three to four years after starting to receive it, in order to make a profit from the deal. It adds that with a decent chance of living into your 90s, those in good health who can boost their state pension "could benefit handsomely by doing so". Work Junior doctors strike will have unprecedented impact on NHS, says top medic The confederation warns Hunt in its letter, which it has shared with the Guardian, that a failure to agree to binding targets for increased numbers of health professionals "will see the NHS continue to be understaffed, with all of the implications that brings for patient care, waiting times, the efficiency of services and for staff morale". Work Silicon Valley Bank was more than just a lender to the Bay Area and its demise means a world of hurt for everything from tech to wine © 2023 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information | Ad Choices FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions. Work Queensland floods: police say Burketown not safe as dozens airlifted out The bureau said the Doomadgee township had already experienced a major record river level of 8.54m on Friday morning. The river near Doomadgee was continuing to rise more slowly, and was nearing a peak, the bureau said. Work Russia-Ukraine war at a glance: what we know on day 381 of the invasion The International Fencing Federation has decided to allow Russian and Belarusian athletes to compete in Olympic qualifying events, sparking outrage in Ukraine. Fencing became the first Olympic sport to reopen events to the aggressor and its ally, one year after their exclusion due to the war in Ukraine. Work FAA clears Boeing to resume deliveries of 787 Dreamliners after weekslong pause Dreamliner customers include large carriers such as American Airlines. The jets would be handed over just as carriers are gearing up for a busy spring and summer travel season, when they make a large portion of their revenue. Work Philippe Martinez, the union leader taking on Macron We usecookiesand other data for a number of reasons, such as keeping FT Sites reliable and secure,personalising content and ads, providing social media features and toanalyse how our Sites are used. Work Thiels Founders Fund Withdrew Millions From Silicon Valley Bank Founders Fund went further than many other venture firms, which kept some money with Silicon Valley Bank in order to maintain a relationship with the institution. This week, as panic turned into a bank run, some venture firms suggested that the tech industry had a moral imperative not to abandon SVB. Work Roku says it does not know how much of its cash it will be able to recover from SVB Streaming platform Roku Inc. ROKU, -0.88% on Friday said it "does not know" to what extent it would be able to recover the cash it has deposited with the recently-failed Silicon Valley Bank. Roku said it had cash and cash equivalents of around $1.9 billion as of Friday, with around $487 million — or roughly 26% — at the bank. Roku said its deposits with SVB were "largely uninsured." Shares fell 3.7% after hours. Work SoFi CEO Noto makes opportunistic million-dollar stock purchase as SVB crisis fuels selloff Noto was an "aggressive" buyer of SoFi's stock back in December, Silverman said, scooping up $7.4 million in shares at prices below $4.60 a share across several transactions. "That was very compelling conviction, and he timed his buying perfectly," Silverman noted. Work First Republic Hit by Silicon Valley Bank Failure You will be charged $ + tax (if applicable) for The Wall Street Journal. You may change your billing preferences at any time in the Customer Center or call Customer Service. You will be notified in advance of any changes in rate or terms. You may cancel your subscription at anytime by calling Customer Service. Work A major Bay Area bank just failed. Spectacular overpriced bubbles are going to keep popping, warns legendary investor Jeremy Grantham Grantham isn’t the only market watcher to note the era of cheap money coming to an end as central banks around the world raise interest rates. “We lived in a bubble, in a dream, and this dream and bubble is bursting,” economist Nouriel Roubini says in an upcoming Frontline episode titled “Age of Easy Money.” Work A Silicon Valley Bank short seller explains how he knew the bank was in trouble months ago While he doesn’t look twice at a company he’s shorted that has engaged in fraud or where stakeholders have taken advantage of people, Silicon Valley Bank was a real business that found itself in a difficult position, he says. This is different. Work The $42bn bank run that sunk Silicon Valley Bank We usecookiesand other data for a number of reasons, such as keeping FT Sites reliable and secure,personalising content and ads, providing social media features and toanalyse how our Sites are used. Work SVB Depositors, Investors Tried to Pull $42 Billion Thursday The withdrawals initiated by depositors and investors amounted to $42 billion on Thursday alone, according to the regulator. Despite being in sound financial condition prior to Thursday, the California watchdog said the run “caused the bank to be incapable of paying its obligations as they come due,” and it was now insolvent. Work As Banks Topple, Regulators Face Reckoning for Week of Mayhem Another is that a generation of bankers and regulators at the helm weren’t in charge during the last period of steep interest-rate increases, raising the prospect they won’t anticipate developments as easily as their predecessors. Work As Silicon Valley Bank collapses, these are the banks contrarians are buying That’s because Wall Street is running red with the banking industry’s blood. I’m not just referring to Silicon Valley Bank SIVB, which plunged this week before being shut down on Friday and placed in FDIC receivership. (SVB is the holding company for Silicon Valley Bank of Santa Clara, Calif.) TradeBriefs Publications are read by over 10,00,000 Industry Executives About Us  |  Advertise Privacy Policy  |  Unsubscribe You are receiving this mail because of your subscription with TradeBriefs. 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