Roku Inc. CL A

Big Tech shows its good to be big, as growth slowdown leads to stock gains while smaller rivals find only pain

Big Tech shows its good to be big, as growth slowdown leads to stock gains while smaller rivals find only pain

After super charged, double-digital growth during the pandemic, the results from the five biggest U.S. tech giants this week showed a slowdown as they grapple with inflation, looming recession and an overall slowing economy, but they were largely rewarded by Wall Street because their size shows their strength. During the last week, all of Big …

Big Tech shows its good to be big, as growth slowdown leads to stock gains while smaller rivals find only pain Read More »

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 …

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