Walmart plans to make Vizio a private-label brand by the end of the year and will sell its smart TVs exclusively at Walmart and Sam’s Club, according to a memo viewed by Bloomberg News https://t.co/OJk2FR2VRq ...

Core Insights - Roku's stock increased by 21% last month, driven by a new integration with Amazon Ads and market share gains in its Roku-branded TVs [1][5] - The partnership with Amazon Ads allows advertisers to access Roku's extensive connected TV inventory, enhancing advertising reach [4][5] - Roku's first-quarter earnings report showed a 17% growth in platform revenue, contributing to positive market sentiment [5][9] Company Performance - Roku's stock saw a significant jump of 10.4% on June 16 following the announcement of the Amazon Ads partnership [4] - The integration is expected to increase advertising demand on Roku, with initial tests showing a 40% increase in unique viewers for advertisers [4][5] - The company is projected to report second-quarter earnings on July 31, with analysts expecting a 10.6% growth to $1.07 billion [9] Market Position - Roku is gaining market share in the smart TV segment, particularly on platforms like Amazon and Target [5] - The partnership with Amazon is seen as a strategic move to compete with The Trade Desk in the demand-side platform space [7] - Roku's business model is scalable, indicating potential for profitability as the company continues to grow [9] Future Outlook - The company anticipates generating a GAAP operating profit next year, suggesting a positive trajectory after recent struggles [8] - If the economy remains stable, Roku is positioned well for continued growth [9]

Core Points - The Department of Justice has charged members of an Armenian organized crime ring for stealing over $83 million worth of cargo from Amazon by impersonating legitimate truck drivers [1] - Cargo theft is a significant issue for Amazon, with the company facing recurring thefts of its shipments [2] - The DOJ's complaint indicates that cargo theft-related losses across the retail industry are estimated to be close to $1 billion or more annually [4] Company Efforts - Amazon has intensified its efforts to combat fraudulent and illegal activities on its platform, including the suspension of dozens of third-party merchants allegedly selling stolen goods [3] - The company cooperated with DOJ officials during the investigation, providing information about stolen goods and details of the alleged fraudsters' accounts [6] Criminal Operations - The alleged fraudsters operated four transport carriers that obtained freight routes from Amazon Relay, diverting from their designated routes to steal goods [4][5] - The DOJ's investigation revealed that the fraudsters had possession of various stolen goods, including kitchen appliances and other merchandise [6] Legal Proceedings - Several defendants are expected to appear in court in Los Angeles, while one defendant has been detained in Fort Lauderdale, Florida [7]