On March 10, it became known about the bankruptcy of Silicon Valley Bank, the 16th largest US bank specializing in high-risk investments in technology startups (it accounted for half of all American venture financing). Many businesses have lost money. Including gaming.
Now it is known about the following:
Unity kept about 5% in cash (or equivalent) in SVB. According to our calculations, this is somewhere in the region of $74.2 million;
▫️Roblox had to lose about 5% of its funds or $150 million;
Huuuge, a Warsaw-based studio specializing in mobile games in the social casino genre, also suffered substantial losses, losing $24.2 million (10% of its savings).