Tivo Stock Down After Amazon News
Tivo stock down after Amazon news.
Tivo stock was down yesterday after Amazon announced that they are working on a digital video recording device. It would connect to Fire TV boxes recording live broadcasts and stream to smartphones. Amazon customers using Fire TV can play live TV through their Amazon Channels service.
Amazon have been disrupting many industries as of late. They are selling prescription drugs and announcing they might buy small movie theatre chains.
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TiVo Corporation is headquartered in San Jose, California. Tivo stock is down 30% year-to-date, sliding over 4% ending the day at $12.20.