Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Roku down after media report that Trade Desk plan for TV operating system

Source Investing

Investing.com - Shares of Roku Inc (NASDAQ:ROKU). dropped as much as 8% in Wednesday after reports that digital advertising firm The Trade Desk (NASDAQ:TTD)was planning to launch a connected TV operating system by the second half of 2025.

The system, named Ventura, would in enter in a space currently dominated by platforms like Roku, Amazon (NASDAQ:AMZN) Fire TV, and Google (NASDAQ:GOOGL) TV.

Unlike its competitors, The Trade Desk does not own content or operate a supply-side platform, focusing instead on its demand-side platform, which enables advertisers to buy digital ad inventory in real time.

As per the report, the company has ruled out manufacturing hardware for Ventura, opting instead to partner with smart TV makers and distributors, such as airlines and hotel chains, to integrate the software into their devices.

Roku’s stock, already down more than 20% this year, fell further in Wednesday trading reflecting market fears that Ventura could have a dent in Roku and dominance of other players in the space, by offering manufacturers and advertisers a more neutral alternative to existing systems.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

5 analysts share comments on Qualcomm analyst day Investing.com -- Chipmaker Qualcomm (NASDAQ:QCOM) said it feels “positive” about working with President-elect Donald Trump's administration, indicating it was not worried that proposed US tariffs on China would negatively affect its business there. China accounts for nearly half of Qualcomm's revenue.

Author Investing.com

4 hours ago

Investing.com -- Chipmaker Qualcomm (NASDAQ:QCOM) said it feels “positive” about working with President-elect Donald Trump's administration, indicating it was not worried that proposed US tariffs on China would negatively affect its business there. China accounts for nearly half of Qualcomm's revenue.

Bitcoin Is About To See A Historically-Profitable Crossover In This Metric On-chain data shows the Bitcoin Puell Multiple is about to undergo a crossover that has historically been very bullish for BTC’s price.

Author NewsBTC

5 hours ago

On-chain data shows the Bitcoin Puell Multiple is about to undergo a crossover that has historically been very bullish for BTC’s price.

Only 13% of organizations are fully prepared for AI, Cisco says Investing.com - Only 13% of organizations are fully ready to capture Artificial Intelligence’s (AI)potential, a slight decline from last year, Cisco Systems Inc (NASDAQ:CSCO) said on Tuesday citing its AI Readiness Index.

Author Investing.com

5 hours ago

Investing.com - Only 13% of organizations are fully ready to capture Artificial Intelligence’s (AI)potential, a slight decline from last year, Cisco Systems Inc (NASDAQ:CSCO) said on Tuesday citing its AI Readiness Index.

What's Happening to the AI Rally? Billionaire Investor Stanley Druckenmiller Just Exited Nvidia and Is Now Piling Into Bank Stocks.Artificial intelligence (AI) stocks have been all the rage this year, climbing the charts in hockey-stick-like fashion and reaching meteoric valuations. Some expect the rally to continue as interest rates decline and the Federal Reserve engineers a soft landing for the U.S. economy, in which inflation falls and a major recession is avoided.

Author The Motley Fool

5 hours ago

Artificial intelligence (AI) stocks have been all the rage this year, climbing the charts in hockey-stick-like fashion and reaching meteoric valuations. Some expect the rally to continue as interest rates decline and the Federal Reserve engineers a soft landing for the U.S. economy, in which inflation falls and a major recession is avoided.

Dogecoin Influencer Drops Crucial Warning For DOGE Investors, You Could Lose Your Coins If You Don’t Do This Popular Dogecoin influencer Mishaboar has issued an urgent warning to all DOGE investors and the broader community. Mishaboar has revealed that investors stand to lose all their coins if they fail to retrieve their private keys from the defunct Dogechain.info platform.

Author Bitcoinist

5 hours ago

Popular Dogecoin influencer Mishaboar has issued an urgent warning to all DOGE investors and the broader community. Mishaboar has revealed that investors stand to lose all their coins if they fail to retrieve their private keys from the defunct Dogechain.info platform.

Popular Symbols