By now I'm sure some of you heard about the SVB controversy.
Anyway Roku was a client of that bank and they lost a bunch of cash because their nonsense.
https://www.fool.com/investing/2023/03/15/roku-may-be-in-a-lot-of-trouble-heres-why/
Register a free account to unlock additional features at BleepingComputer.com
Welcome to BleepingComputer, a free community where people like yourself come together to discuss and learn how to use their computers. Using the site is easy and fun. As a guest, you can browse and view the various discussions in the forums, but can not create a new topic or reply to an existing one unless you are logged in. Other benefits of registering an account are subscribing to topics and forums, creating a blog, and having no ads shown anywhere on the site.
Click here to Register a free account now! or read our Welcome Guide to learn how to use this site.
Looks like Roku might be in trouble.
Started by
SuperSapien64
, Mar 17 2023 06:08 PM
13 replies to this topic
#1
SuperSapien64
-
- Members
- 2,285 posts
- OFFLINE
- Gender:Male
- Local time:08:14 PM
Back to top
#2
buddy215
-
- Moderator
- 19,586 posts
- ONLINE
- Gender:Male
- Location:West Tennessee
- Local time:08:14 PM
Posted 17 March 2023 - 06:41 PM
QUOTE FROM NEW YORK TIMES: Roku, Roblox and Other Companies Affected By the SVB Collapse - The New York Times
Roku, the maker of the streaming media player, said in a U.S. Securities and Exchange Commission filing on Friday that roughly $487 million, or 26 percent, of its $1.9 billion in cash was tied up with Silicon Valley Bank. Its deposits were “largely uninsured,” Roku said, and it did not know “to what extent” it would be able to recover them, but added that it believed it had enough cash for the next twelve months.
THEN ON SUNDAY:
On Sunday, regulators in the United States took the unusual step of guaranteeing all deposits at the lender. Typically, only deposits up to $250,000 are insured by the Federal Deposit Insurance Corporation. END QUOTE
So, according to the above.....ROKU is not in danger / trouble.
“Every atom in your body came from a star that exploded and the atoms in your left hand probably came from a different star than your right hand. It really is the most poetic thing I know about physics...you are all stardust.”― Lawrence M. Krauss
If we are to have another contest in the near future of our national existence, I predict that the dividing line will not be Mason and Dixon’s, but between patriotism and intelligence on the one side, and superstition, ambition, and ignorance on the other. Ulysses S. Grant...Republican president who correctly predicted the cause of Trump's attempted coup.
#3
SuperSapien64
- Topic Starter
-
- Members
- 2,285 posts
- OFFLINE
- Gender:Male
- Local time:08:14 PM
Posted 18 March 2023 - 04:35 PM
Thanks buddy215 that's relieving. 
Avatar/Icon by https://www.deviantart.com/dablim/gallery
#4
The-Toolman
-
- Members
- 3,511 posts
- OFFLINE
- Gender:Male
- Location:USA
- Local time:08:14 PM
Posted 19 March 2023 - 09:49 AM
OTA TV.
No worries.
No problems.
Last year we said, "Things can't go on like this", and they didn't, they got worse.
[Will Rogers]
There are two theories to arguing with a woman. Neither works.
[Will Rogers]
#5
SuperSapien64
- Topic Starter
-
- Members
- 2,285 posts
- OFFLINE
- Gender:Male
- Local time:08:14 PM
Posted 20 March 2023 - 04:27 PM
OTA TV.
No worries.
No problems.
Avatar/Icon by https://www.deviantart.com/dablim/gallery
#6
The-Toolman
-
- Members
- 3,511 posts
- OFFLINE
- Gender:Male
- Location:USA
- Local time:08:14 PM
Posted 20 March 2023 - 10:24 PM
OTA TV.
No worries.
No problems.
What do you find funny only the dumb and stupid pay for TV.
Last year we said, "Things can't go on like this", and they didn't, they got worse.
[Will Rogers]
There are two theories to arguing with a woman. Neither works.
[Will Rogers]
#7
buddy215
-
- Moderator
- 19,586 posts
- ONLINE
- Gender:Male
- Location:West Tennessee
- Local time:08:14 PM
Posted 21 March 2023 - 03:20 AM
If you have internet then you can watch a lot for free by streaming to your TV using devices such as Roku.
That is not dumb or stupid.
I use an inside antenna which allows me to watch major networks and several other channels along with
Roku streaming. Were I to install an outside antenna such as in your image I could likely get many more
channels from the distant Memphis area.
“Every atom in your body came from a star that exploded and the atoms in your left hand probably came from a different star than your right hand. It really is the most poetic thing I know about physics...you are all stardust.”― Lawrence M. Krauss
If we are to have another contest in the near future of our national existence, I predict that the dividing line will not be Mason and Dixon’s, but between patriotism and intelligence on the one side, and superstition, ambition, and ignorance on the other. Ulysses S. Grant...Republican president who correctly predicted the cause of Trump's attempted coup.
#8
The-Toolman
-
- Members
- 3,511 posts
- OFFLINE
- Gender:Male
- Location:USA
- Local time:08:14 PM
Posted 21 March 2023 - 06:39 AM
If you have internet then you can watch a lot for free by streaming to your TV using devices such as Roku.
That is not dumb or stupid.
I use an inside antenna which allows me to watch major networks and several other channels along with
Roku streaming. Were I to install an outside antenna such as in your image I could likely get many more
channels from the distant Memphis area.
What I'm saying is that those who pay $100.00 and up for pay TV service are the dumb and stupid.
I know nothing about Roku services or what the services cost but Roku ain't giving them away.
I know a few people who have Roku and they pay $39.99 per month for the Roku pack they have.
I can watch almost everything on my media computer that most people I know pay for through whatever pay TV trap they're caught up in.
Internet service nowadays is almost a must have however paying for TV service never have and never will I refuse to get caught up in that trap.
I don't watch much TV anyway just the news and educational shows and documentary's and history stuff which I can receive OTA or from my internet.
Last year we said, "Things can't go on like this", and they didn't, they got worse.
[Will Rogers]
There are two theories to arguing with a woman. Neither works.
[Will Rogers]
#9
buddy215
-
- Moderator
- 19,586 posts
- ONLINE
- Gender:Male
- Location:West Tennessee
- Local time:08:14 PM
Posted 21 March 2023 - 12:27 PM
Tons of free stuff using a streaming device such as Roku. My device cost less than $30. Pay no monthly
fee to use it. You plug it into a hdmi port on the TV and connect to electric power. Receives wifi from router.
So, my only expense is a monthly $34 for internet and the one time purchase of the device.
“Every atom in your body came from a star that exploded and the atoms in your left hand probably came from a different star than your right hand. It really is the most poetic thing I know about physics...you are all stardust.”― Lawrence M. Krauss
If we are to have another contest in the near future of our national existence, I predict that the dividing line will not be Mason and Dixon’s, but between patriotism and intelligence on the one side, and superstition, ambition, and ignorance on the other. Ulysses S. Grant...Republican president who correctly predicted the cause of Trump's attempted coup.
#10
The-Toolman
-
- Members
- 3,511 posts
- OFFLINE
- Gender:Male
- Location:USA
- Local time:08:14 PM
Posted 21 March 2023 - 03:11 PM
Okay here's why the neighbors and pay per month with their Roku.
Last year we said, "Things can't go on like this", and they didn't, they got worse.
[Will Rogers]
There are two theories to arguing with a woman. Neither works.
[Will Rogers]
#11
buddy215
-
- Moderator
- 19,586 posts
- ONLINE
- Gender:Male
- Location:West Tennessee
- Local time:08:14 PM
Posted 21 March 2023 - 04:31 PM
What is your point? I know you can buy premium services thru Roku. So what....my point was simply
you can access tons of free stuff without buying a premium service / channel.
“Every atom in your body came from a star that exploded and the atoms in your left hand probably came from a different star than your right hand. It really is the most poetic thing I know about physics...you are all stardust.”― Lawrence M. Krauss
If we are to have another contest in the near future of our national existence, I predict that the dividing line will not be Mason and Dixon’s, but between patriotism and intelligence on the one side, and superstition, ambition, and ignorance on the other. Ulysses S. Grant...Republican president who correctly predicted the cause of Trump's attempted coup.
#12
The-Toolman
-
- Members
- 3,511 posts
- OFFLINE
- Gender:Male
- Location:USA
- Local time:08:14 PM
Posted 21 March 2023 - 08:03 PM
What is your point? I know you can buy premium services thru Roku. So what....my point was simply
you can access tons of free stuff without buying a premium service / channel.
Ain't no point merely having a conversion and nothing more.
Last year we said, "Things can't go on like this", and they didn't, they got worse.
[Will Rogers]
There are two theories to arguing with a woman. Neither works.
[Will Rogers]
#13
SuperSapien64
- Topic Starter
-
- Members
- 2,285 posts
- OFFLINE
- Gender:Male
- Local time:08:14 PM
Posted 27 March 2023 - 02:08 PM
@ The-Toolman
The reason I find it funny is because there's some truth to the value of OTA but the same can be said about free streaming services like buddy215 said.
Avatar/Icon by https://www.deviantart.com/dablim/gallery
#14
MikoDemua
-
- Members
- 2 posts
- OFFLINE
- Local time:04:14 AM
Posted Today, 07:25 AM
That's bad. Let's hope Roku can bounce back from this and continue providing us with great streaming options
1 user(s) are reading this topic
0 members, 1 guests, 0 anonymous users
