2024-02-14 11:45:00 ET
Tuesday was a challenging day for investors, but it was particularly rough for Roku (NASDAQ: ROKU) shareholders. The stock was trading lower by as much as 11% before closing with a nearly 9% decline. There was no Roku-specific news to account for the streaming video pioneer's slide. It doesn't report fresh financials until Thursday afternoon .
Shares of Roku tumbled after The Wall Street Journal reported that Walmart (NYSE: WMT) is in talks to acquire TV manufacturer Vizio (NYSE: VZIO) in a $2 billion deal. The potential pairing would be more about Vizio's growing smart-TV operating system platform than its meandering hardware business , placing market share leader Roku in the crosshairs.
Scary stuff? Not really. Let's go over some of the reasons why this shouldn't matter.
For further details see:
3 Reasons Roku Doesn't Have to Worry About Walmart Buying Vizio