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Technology Stocks : Roku
ROKU 146.38-2.7%3:59 PM EDT

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From: zax9/18/2019 12:25:53 PM
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Roku stock falls amid new competition in streaming from Comcast, Facebook

marketwatch.com

Roku Inc. shares ROKU, -11.93% are off 8% in Wednesday trading after the company got some new competition in streaming video. Comcast Corp. CMCSA, +0.36% announced that it would be giving internet-only customers a free Xfinity Flex device, which lets them watch their streaming services on a TV set. Also on Wednesday, Facebook Inc. FB, +0.08% announced its $149 Portal TV device, which supports video calls that get streamed to a TV set and also allows users to watch various programs. Roku shares have gained 356% so far this year, while the S&P 500 SPX, -0.29% has risen 20%.
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