Markets/Marketing

Roku stock plummets as earnings are widely panned: 'The sum of all of our worries'

Roku stock plummets as earnings are widely panned: ‘The sum of all of our worries’

Shares of Roku Inc. fell in premarket trading on Friday after the streaming company acknowledged a “significant slowdown” in ad spending that helped propel it to weaker-than-expected results and could persist beyond the last trimester. “Consumers began to moderate discretionary spending and advertisers significantly reduced spending in the ad dispersion market (TV ads purchased during …

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