Roku Hit By International Trade Commission Patent Investigation After Universal Electronics Filing

Streaming company Roku is the subject of a complaint with the International Trade Commission. Universal Electronics $UEIC filed a complaint back on April 18 which led to the launching a probe into a claim of patent infringement. $ROKU is down over 2% on the news.

Chinese Video Sharing Platform Bilibili User Base Rises Sharply But So Do Expenses

China based video-sharing platform Bilibili, Inc. reported third quarter earnings before the open Tuesday that highlighted surging user numbers but at a high cost. The bottom-line was negatively impacted by a 71% surge in operating expenses to RMB774 million (US$108 million). There was a 70% increase in the cost of revenue to RMB1.5 billion (US$211 million).