In short: Netflix’s recent troubles may not last long if the rumors are true. Sources familiar with the matter told Business Insider that in recent weeks, Roku employees have been actively discussing the possibility of an acquisition by streaming giant Netflix. Two people told the publication that Roku recently closed a trading window for employees, preventing them from selling shares they own.
Netflix recently said that it is open to possibility launch of an ad-supported tie. Sources last month said the company had hoped to launch new level already in the fourth quarter of this year. Adding Roku to your portfolio will certainly help in this endeavor as the company has built a solid video advertising platform for its hardware devices.
Time can play its part Netflix favor also given that Roku shares have fallen nearly 80 percent since last July. Meanwhile, Netflix is dealing with its own issues, including quarterly loss of subscribers share price decline for the first time in a decade password sharing as well as waves of layoffs.
What’s ironic about the whole situation is the fact that Roku and Netflix have a long history. Roku founder and CEO Anthony Wood designed the set-top box that Netflix planned to release in the latter half of the 2000s. Just weeks before the launch, Netflix boss Reed Hastings had changes in the heartcurtailed the project and deployed the business.
Credit: www.techspot.com /