$ROKU Three things which could make me be bearish on Roku: 1. Netlfix offers AVOD version of its content. (Netflix has not shown interest in going this route.) 2. SVOD becomes consolidated through buyouts and mergers, creating conglomerate SVODs which have a lot more leverage against the platforms (Roku, FireTV etc.) 3. Roku has more failures than successes gaining market share in countries outside North America.