Roku reported its second quarterly earnings report ever, since becoming a publicly traded company. Andre Swanston, CEO of Tru Optik, an audience measurement and data management platform for OTT, was with us to share why he thinks Roku is positioned for success.
Swanston said the OTT space is "so wild" in terms of the growth in penetration and time spent. On top of that, he said most of that growth is on ad supported platforms, not services like Netflix. This bodes well for Roku because they are the only pure-play OTT company on the street, Swanston said.
Roku debuted a licensing program for smart audio devices and expects the first to ship this fall. They're going up against Amazon, Google, and Apple. Swanston said Roku has no strategic advantage for a smart speaker and does not anticipate it being a significant revenue generator.
Elon Musk is considering filing a lawsuit against the Anti-Defamation League, blaming them for lost advertising revenue and amid accusations of being anti-Semitic.
Stocks opened Tuesday's session lower after data in China showed slow growth in services activity.
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Tesla has revealed its updated Model 3.
Ford is recalling 169,000 vehicles to replace rearview cameras.
Robinhood said it would buy back shares from disgraced former FTX head Sam Bankman-Fried.
Walgreens said its CEO Rosalind Brewer has stepped down and appointed an interim CEO while a search for a replacement is underway.
The Federal Trade Commission has given the green light to Amgen's purchase of Horizon Therapeutics.
Mortgage rates were down this week after being up for the past five weeks.
U.S. job growth remained strong in August but showed signs of cooling.
