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Why Roku Stock Tumbled on Monday

·2 min read
Why Roku Stock Tumbled on Monday
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Early in the trading day on Monday, shares of Roku (NASDAQ: ROKU) turned sharply lower, declining as much as 6.7%. The catalyst that sent the streaming pioneer tumbling was a report that a big player was entering the streaming device and connected-TV space. Microsoft (NASDAQ: MSFT) is working to expand is Xbox Cloud game-streaming platform.