Once again, the culprit is rising fears over the Federal Reserve's plan to raise interest rates to bring a halt to inflation. The worries over inflation, the direction of the economy, and slowing revenue growth have hit highly valued entertainment platforms hard. Roku (NASDAQ: ROKU) was trading down 9.6%, while Netflix (NASDAQ: NFLX) was down 5.7% and Genius Brands International (NASDAQ: GNUS) was down 2.8%. Read More...
Once again, the culprit is rising fears over the Federal Reserve’s plan to raise interest rates to bring a halt to inflation. The worries over inflation, the direction of the economy, and slowing revenue growth have hit highly valued entertainment platforms hard. Roku (NASDAQ: ROKU) was trading down 9.6%, while Netflix (NASDAQ: NFLX) was down 5.7% and Genius Brands International (NASDAQ: GNUS) was down 2.8%.
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