Reports surfaced Friday that newly public Roku had acquired the Netherlands-based audio company Dynastrom back in September for $3.5 million. CEO Anthony Wood confirmed the deal in an interview with Cheddar on Friday. While the executive did not disclose whether any special projects will emerge from the deal, he said that audio is at the core of Roku’s business. “We are always looking for ways to build out our team, especially with consumer expertise,” Wood said. He adds that Roku’s business model is very simple and shared three strategies for success. “We want to acquire active accounts, we want to build scale of our platform, and we aspire to power every TV in the world,” he told Cheddar. “The way we make money is that we monetize those active accounts.” It's been a big week for Roku. The streaming services company smashed its first earnings report since going public. Revenues rose 40 percent to nearly $125 million in its latest quarter, compared to estimates of $110 million. It also posted a much smaller loss than analysts expected at just ten cents a share. It was estimated to lose $1.37. “Our business is great," Wood said. "The whole world is looking to streaming.”

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Small grocers and convenience stores feel an impact as customers go without SNAP benefits
Some small grocery stores and neighborhood convenience stores are eager for the U.S. government shutdown to end and for their customers to start receiving federal food aid again. Late last month, the Trump administration froze funding for the SNAP benefits that about 42 million Americans use to buy groceries. The U.S. Department of Agriculture says about 74% of the assistance was spent last year at superstores like Walmart and supermarkets like Kroger. Around 14% went to smaller stores that are more accessible to SNAP beneficiaries. A former director of the United Nations World Food Program says SNAP is not only a social safety net for families but a local economic engine that supports neighborhood businesses.
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