Roku Stock Sinks as Comcast, Facebook Unveil Streaming Competitors

Device maker takes a Wall Street beating, dropping nearly 14% on Wednesday

It’s been a dreadful day for a company that’s enjoyed an otherwise wildly successful year up to this point, with Roku’s stock floundering on Wednesday after Comcast and Facebook announced two streaming competitors.

Roku’s stock dropped 13.71% on the day, hitting $129.88 per share. The drop added to a 7% decline Roku shareholders felt on Tuesday.

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Sean Burch

Sean Burch

Tech reporter • sean.burch@thewrap.com • @seanb44