financetom
Business
financetom
/
Business
/
What's Going On With Roku Shares After Partnering National Basketball Association?
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
What's Going On With Roku Shares After Partnering National Basketball Association?
Apr 3, 2024 9:50 AM

Roku, Inc. ( ROKU ) shares are trading lower on Wednesday.

The company partnered with the National Basketball Association to officially launch the NBA FAST (free ad-supported streaming TV) channel and the NBA Zone.

“The Roku Channel is the inaugural partner of the first-ever NBA FAST channel, which is available exclusively through The Roku Channel for a limited time,” according to a press release.

NBA enthusiasts and Roku ( ROKU ) viewers can keep abreast of their beloved teams and access the latest news, game highlights, and more, the company said. 

The NBA Zone is situated within Roku’s Sports section on the Home Screen Menu, while users can easily search for related content using Roku Search or Roku Voice.

According to Benzinga Pro, ROKU ( ROKU ) stock has lost over 5% in the past year. Investors can gain exposure to the stock via ARK Innovation ETF ( ARKK ) and ARK Next Generation Internet ETF ( ARKW ) .

The company recently faced backlash from users nationwide after implementing a mandatory agreement to new dispute resolution terms, which included forced arbitration, effectively barring users from participating in lawsuits against Roku ( ROKU ). 

Users found their devices inoperable until they agreed to these terms. 

A critical update to the terms introduced an “Informal Dispute Resolution” process, requiring legal complaints to be addressed directly with Roku’s legal team first.

Price Action: ROKU shares are trading lower by 1.33% to $62.02 on the last check Wednesday. 

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
SJVN secures 200-MW wind power project at ₹3.24 per unit
SJVN secures 200-MW wind power project at ₹3.24 per unit
Nov 16, 2023
Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
Copyright 2023-2026 - www.financetom.com All Rights Reserved