More Industry Events Cancelled, Rescheduled & Reformatted Due to Pandemic

Roku posts bigger loss due to higher spending; shares fall 7%

The company, whose devices compete with Amazon Fire TV and Google Chromecast, said sales and marketing expenses doubled to $68.2 million from a year earlier. This comes at a time when Roku is shifting its focus from device sales to advertising as more streaming services enter the market. Roku, however, saw higher engagement on its platform as online entertainment surged due to stay-at-home orders....