Roblox: ~5% of cash at SVB, no impact on business

 Roblox: ~5% of cash at SVB, no impact on business

Roblox (RBLX) announced that about 5% of its cash and securities amounting to USD 3 billion ( as of 28 February) are held with the closed SVB Financial Group (SIVB).

"Notwithstanding the final outcome and timing, this situation will have no impact on the day-to-day operations of the company," the statement said.

Shares fell almost 1% in after-hours trading on Friday.