Roku’s first quarter revenue remained roughly flat from the previous year, with a slight dip in its platform’s revenue segment—which includes money made from ad sales—offset by an increase in the revenue it makes from selling TVs and streaming players. Platform revenue, which accounts for about 86% of Roku’s business, hit $634.6 million in the first quarter, dropping 1% from the previous year....
Roku Reports Flat Q1 Revenue, Expects Weak Ad Market to Persist
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SoftBank’s Onetime Pizza-Robot Darling Shuts Down
Zume, which raised $375 million from SoftBank to automate pizza-making with robots before switching to developing sustainable packaging, has shut down. The company is insolvent and has retained restructuring firm Sherwood Partners to liquidate the assets for the benefit of the creditors, an alternative to bankruptcy, according to Martin Pichinson, Sherwood Partners’ cofounder. It ceased...
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