They moved all engineering to India to shore up the company bottom line is what I heard
Bold strategy Cotton, let’s see if it pays off for ‘em
Moved some engineering - but it's too early for that to affect product. And they are doing what most everyone else have done 10-20 years ago, it's not like Roku brand was known for "Designed in California" stamp
Is that a recent news? Not seeing anything in the public domain
I would like to know too :)
To answer the musings, title refers to ROKU stock price dropping after Q1 results announcement yesterday. Even as SNAP which also dropped 3mo ago, after their results they recovered half of what was lost yesterday. While their results are shittier and delivering under expectations
Roku is the next GoPro. Have a 100% chance of becoming a penny stock by next year.
GoPro was just hardware product and they failed to create a platform or recurring revenue around their hardware.. Roku has 81M households and $41 revenue per household per year.. far from GoPro
It’s not about the size. It’s all about ability to make money. Let me explain this in easiest way so that you can understand this better : You have a lemonade stand for your kids that sells each lemonade tor $1. But, it costs the parents $1.40 to make it and run some local marketing campaigns. Unfortunately, you cannot bring the cost down because material cost and marketing cost has gone up and competition around you cannot let you get the price up bec your products are subpar and wayyy below standards. Eventually, such companies become commoditized and no one gives a damn.
Afaik, they started hiring back in dec'23 and still ongoing. We are also confused with roku stock growth and luckily they make up only 15% of tc. Let's see how it goes.
Elaborate?
Several rounds of Layoffs in US Hiring massively in India
PMs too? Or just eng