 "The company floated in 2017 and its shares have since risen more than tenfold as it grew to reach 30.5 million US households Photo: Reuters")
Roku Inc. investors just suffered their worst week since the company’s 2017 market debut as the stock fell victim to investor fears of looming media-streaming wars.
First it was Facebook Inc. showing off a new model of its Portal video chat device that can be connected to a TV and has access to Amazon.com’s streaming service. Then Comcast Corp. offered a device for its internet-only customers. By the end of the week Roku’s stock had fallen by 27%, wiping out roughly $5 billion of shareholder value.
The selling peaked on Friday after Pivotal Research Group started coverage of Roku, advising
