FILE PHOTO: The Roku company logo is displayed on a building in Austin, Texas, U.S., October 25, 2021. REUTERS/Mike Blake
(Reuters) - Roku Inc market-cap dropped by nearly a fifth on Thursday following downbeat forecasts a day earlier, as the streaming tech provider suffers from a collapse in advertising dollars.
The company expects fourth-quarter revenue substantially below market estimates, while its adjusted operating loss outlook was much wider than Wall Street expectations.
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