Facebook, Inc. FB is preparing to launch Portal TV, a clip-on camera accessory for video calling, AR gaming and content co-watching. The news sent Roku Inc ROKU shares lower.
Roku already sells multimedia devices designed to deliver a number of streaming services to any TV or monitor.
Facebook will begin shipping Portal TV Nov. 5 for $149, or buyers can also bundle two Portal devices together and receive $50 off, according to The Verge. Portal TV is one of three smart video chat devices the company is announcing Wednesday.
In a separate report, Reuters attributed the slide in Roku shares to Comcast's CMCSA announcement that it will offer Xfinity Flex, its streaming media set top box, and a voice remote for free to its internet-only customers.
Facebook shares were down 0.13% in Wednesday's premarket session, while Roku shares were down 4.85%.
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