Why Roku Stock Fell After Netflix's Earnings Report
By now you've heard the news: Netflix (NASDAQ: NFLX) reported a huge miss in its subscriber numbers last night, and Netflix stock is in free fall this morning -- down nearly 38% as of 10:30 a.m. ET.
That makes sense, of course. Bad news for Netflix, bad news for Netflix's stock price. But why is Roku (NASDAQ: ROKU) stock falling an unlucky 7.77% this morning on Netflix's bad news?
Source Fool.com