Netflix’s Biggest Competitor Isn’t Disney, It’s Roku

The latest financial news and analysis from MyWallSt. Check out our stock market analysis or learn how to get started investing now.

Image for post
Image for post

Shares of Roku (NASDAQ: ROKU) shot up an impressive 9% on Wednesday following a report from Macquarie Bank that predicted the company could triple its user base by 2022. This sent Netflix (NASDAQ:NFLX) sliding even further in what has been a costly year.

The same report compared the agnostic streaming platform to Netflix, stating that Roku could experience similar growth overseas. …


Don’t call it a comeback, but Big Tech leader Microsoft is manufacturing phones again with its new Surface Duo.

The latest financial news and analysis from MyWallSt. Check out our stock market analysis or learn how to get started investing now

Image for post
Image for post

After years of being out in the cold within the smartphone industry, Microsoft (NASDAQ: MSFT) has teamed up with Google (NASDAQ: GOOGL) to create its first phone device since 2016: The Microsoft Surface DUO.

Unveiled at Microsoft’s annual Surface event on Wednesday, the new device has two screens, connected by a hinge, which will be a direct competitor to Samsung’s Galaxy Fold, and will also run on the Android operating system.

“This product brings together the absolute best of Microsoft, and we’re partnering with Google to bring the absolute best of Android in one product,” said Microsoft Product Chief Panos Panay. …


This week, audio from private Facebook meetings with CEO Mark Zuckerberg was leaked, and it could show a company lagging behind.

The latest financial news and analysis from MyWallSt. Check out our stock market analysis or learn how to get started investing now.

Image for post
Image for post

“It’s almost like the Explore Tab that we have on Instagram” is how Zuckerberg described social entertainment app ‘Tik Tok’, in one of the company’s leaked all-hands meetings.

The signs are worrying here for Facebook, as this description could not be more wrong. …

About

Jamie Adams

Jamie is our content marketer at MyWallSt. If he’s not chasing down the quirkiest market stories of the week, he’s usually writing about them.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store