Just looking at the Nasdaq fire-sales going around. What's interesting, is that they still have so much further to fall. Even at the fire-sale prices, Roku still is at an insanely over-priced PE of 66. How can you justify stuff like this? I think years down the road, the idiots of today will look back and call 2022 the year of the Dot-Com Bust 2.0 Or Tech-Wrek of 2022.
Most certainly. Furthermore - last big volume accumulation happened just around current prices. That might explain why the volume haven't picked up yet during a sell off. A bit more down and those who are now breakeven after ~400% up run will dump it in disgust. Then it will be 90% down like a proper dot com stock.
don't get me started -- was working hard last week and tried trading options on my phone -- bought the f-ing calls instead of puts! trading on tilt now-. short DOCN in a big way to hopefully claw back this loss.
Roku’s growth prospects I think are pretty slowed based on Smart TVs becoming the norm. I think takeover potential is there… but would be better sooner rather than later IMO.
You are thinking of the old Roku. Roku's business model today is based on making money from advertising, not from selling hardware. You may have noticed the fight Roku had in the last couple years with NBC Peacock where Roku refused to carry Peacock unless Roku had more control over what ads Roku could show. https://seoaves.com/roku-business-model-how-roku-makes-money/ Summary: Roku said that it made $232 million from its platform, compared to the $88.2 million earned from hardware sales.