Roku has lost 40% of its value as competition heats up | CNN

Roku could be in trouble. Competition from much bigger companies is coming to the streaming market, and investors are bailing out of Roku’s stock.

Shares of Roku (ROKU), after a huge run up this year, plunged nearly 20% Friday after an analyst issued an extremely gloomy report. Roku stock was up 1% on Monday. The stock has now lost a third of its value since Apple (AAPL) unveiled its streaming service, Apple TV+, would cost only $4.99 a month. Roku’s stock is about 40% below its all-time high on September 9.

Read More

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s