> One SVB depositor, the streaming service Roku, has $487 billion housed in the bank—only a small fraction of which seems to be insured. Not impressed by the b

> One SVB depositor, the streaming service Roku, has $487 billion housed in the bank—only a small fraction of which seems to be insured. Not impressed by the basic factual errors in this article. $487 billion ≠ $487 million. https://variety.com/2023/digital/news/roku-svb-failed-silicon-valley-bank-cash-1235549817/ https://variety.com/2023/digital/news/roku-svb-failed-silico... EDIT: I just noticed another disappointing factual error, bordering on disinformation. They say: > On October 14, 2022, Sacks tweeted, “The idea that the American government, the American taxpayer, or any American company is obligated to provide support is pre entitlement.” That was before the SVB collapse. On March 10, 2023, Sacks sang a different tune: “Where is Powell? Where is Yellen? Stop the crisis NOW. Announce that all depositors will be safe.” I'm no Sacks apologist, but they took his first quote completely out-of-context, making it sound like he was saying the US government shouldn't support failing companies, when he was in fact talking about the US supporting Ukraine. See: https://twitter.com/DavidSacks/status/1634357137873969152 https://twitter.com/DavidSacks/status/1634357137873969152