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Business

“Roku to cut about 10% of its workforce as it ups quarter sales expectations and shares soar, again”

“Roku is cutting about 10% of its workforce, or 360 people, and it will limit new hiring as it cuts costs to stem a series of quarterly losses. The streaming platform also said in a regulatory filing Wednesday that it… Continue Reading…

Economy

“Cathie Wood Has Bet Big On These 10 Stocks; Here’s How They’re Performing”

“Cathie Wood, CEO and founder of Ark Invest, says she invests on a five-year time horizon, betting big on speculative growth names such as Tesla (TSLA), Roku (ROKU), Zoom Video Communications (ZM) and Shopify (SHOP). But in 2022 at least, Ark’s 10 biggest holdings are down sharply. 0… Continue Reading…

Business, Stocks

“Roku Stock Can Double in the Next 5 Years”

“With its stock up more than 150% over the last 12 months… By 2025, the analyst predicts, Roku’s market capitalization could nearly triple to anywhere from $40 billion to $50 billion, based on an estimated 82 million active accounts generating… Continue Reading…