It seems that Roku (NASDAQ: ROKU) stock isn't done declining. Wall Street is worried about a tough holiday season ahead as advertising spending slows and consumers spend less on new entertainment devices. Roku's management team is more focused on the bright long-term future for the business, which is steadily adding users and reporting strong engagement. Read More...
Reuters
Hedge fund Galois Capital says half its capital stuck on FTX exchange -FT
Galois co-founder Kevin Zhou wrote to investors in recent days that while the fund had been able to pull some money from the exchange, it still had “roughly half of our capital stuck on FTX,” the paper said, quoting a letter it had seen. FTX filed U.S. bankruptcy proceedings on Friday and its Chief Executive Officer Sam Bankman-Fried resigned after a rapid liquidity crunch at the group left FTX scrambling to raise about $9.4 billion from investors and rivals. FTX’s swift fall from grace followed heavy speculation about its financial health that triggered $6 billion of withdrawals in just 72 hours earlier this week.
