Roku stock plummets toward worst drop on record after 'frankly awful' earnings

Roku stock plummets toward worst drop on record after ‘frankly awful’ earnings

Shares of Roku Inc. were tumbling toward their worst drop on record Friday after the streaming company acknowledged a “significant slowdown” in advertising spending that helped propel it to weaker-than-expected results and could persist beyond the latest quarter. “Consumers began to moderate discretionary spend, and advertisers significantly curtailed spend in the ad scatter market (TV …

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