Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Roku Stock Was Up Today

TheMotleyFool

0 0

Shares of streaming-TV platform Roku (NASDAQ: ROKU) were up on Friday after the company announced that its new original-content strategy appears to be paying off. This is good news considering the time and money the company is investing into this pursuit. As a result, Roku stock was up around 4% as of noon EDT today.

In January, Roku acquired video content from failed start-up Quibi. Terms of the deal weren't disclosed, though sources for The Wall Street Journal said the company paid less than $100 million. Roku later rebranded this Quibi content as Roku Originals, launching them as free ad-supported content on The Roku Channel in May.

Image source: Getty Images.

Source Fool.com

Like: 0

ROKU

Share