Roku Inc (NASDAQ:ROKU) shares are trading higher by 6% at $367.90 following news that legislation proposed by the U.S. Congress could lead to the largest technology companies in the world getting broken up for possible anti-competitive practices.
Roku has praised lawmakers for the legislation stating that they're “taking a crucial step toward curbing the predatory and anticompetitive behaviors of some of the country’s most powerful companies.”
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Read More: Congress Hits At Tech Giants Amazon, Apple, Facebook And Google: Could Companies Be Forced To Split?
As of December 31, 2020, Roku had 51.2 million active accounts. Roku also provides digital and video advertising, content distribution, subscription, and billing services, as well as other commerce transactions, brand sponsorship and promotions and audience development campaigns; and manufactures, sells and licenses smart TVs under the Roku TV name.