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 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 …

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