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Media/Telecom Entertainment

Roku Reports Advertising Growth Amidst Pandemic

Roku saw an increase in revenue in the second quarter, the bulk of it from its platform segment–which is essentially its ad sales business, despite the overall downturn in advertising amidst the coronavirus pandemic. The company reported revenue growth of 42% to $356 million, almost 70% of which came from its platform business. At the same time, Roku reported it gained 3.2 million active...

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The Investors Who Face Big Losses From the Quibi Collapse
The Investors Who Face Big Losses From the Quibi Collapse

On Wednesday, video startup Quibi told its investors that it will shut down, a dramatic collapse of a digital media startup that launched just six months ago. Now those investors—from Quibi CEO Meg Whitman to Google, Facebook and J.P. Morgan—are facing losses and figuring out what they may recoup from the flop.

Quibi revealed to investors Wednesday afternoon that, after paying ...

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