Roblox says SVB situation will have ‘no impact’ on day-to-day operations

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.