Investing Power Hour #56: No MSFT/ATVI Deal; Big Tech Earnings; Update on Banking Crisis
Chit Chat Stocks
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Stratastrid's Pre-Covid Losses
Roxanne Jones: I just don't get it. It's like, there's this the business model. If we look at Roku pre-COVID, they were losing a little bit of money each year as they're trying to scale the business. They started printing some solid operating profits, $65 million in March, or excuse me, December 2020, $76 million in March 2021. But as kind of the COVID bubble pops in 2022, we've seen increasing operating losses. At the end of 2022, we saw $250 million operating income loss. She says credit card debt is growing rapidly and maybe you agree with my thought here that companies are getting nervous about growth rates.
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