Roku is taking action against YouTube TV after fears that the technology giant has engaged in “anti-competitive” behavior, Liz Claman of Fox Business told The Countman Countdown.
In an email to users earlier in the week, the streaming service warned that the app could be removed from their channel store, citing “unfair terms.”
“The digital device maker, which confirms that it has removed YouTube TV from its channel store due to concerns that the Google Streamer was involved in anti-competitive behavior. Existing YouTube TV subscribers can still access the Roku app, the eclipse only affects new customers. “
Claman also noted that the move could negatively affect Rocco’s stock: “Right now [Roku] loses shareholder customers, decreases by three and a half percent. “
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Roku was not the only company to see downturns in the market nearby, Claman said Twitter also saw a downturn.
“As the nation reopens post-COVID, Twitter no longer has a captive audience and thus lets air out of the shares. Lots of air. Look at the shares, the microblogging giant is on track to accumulate its worst percentage loss in six months, falling 13.8% at this time.The number of Laxterne growth consumers who missed forecasts, along with a disappointing forecast for the second quarter that consumer growth could slow as people show up after the pandemic, are really hitting stocks here “Plus analysts have called for Twitter’s lack of involvement in the recent recovery in the digital advertising market.”