Why Roku Stock Crashed Today

Shares of connected-TV platform company Roku (ROKU -21.97%) crashed on Friday after the company reported financial results for the fourth quarter of 2023. Many of the company's numbers were better than anyone expected. But there was still enough concern that investors knocked Roku stock down by 20% as of 9:50 a.m. ET.Good results weren't good enough for the marketIn Q4, Roku reached 80 million active accounts, a 14% year-over-year increase. This represented 10 million new accounts in 2023, its second-best y ...