Roku to remove Infowars from its platform, stock extends gains

Shares of Roku Inc. hiked up 1.2% in morning trade Wednesday, adding to the previous session's 2.6% surge. The streaming platform said late Tuesday that it has decided to remove the controversial channel Infowars from its platform. "After the InfoWars channel became available, we heard from concerned parties and have determined that the channel should be removed from our platform," the company said in an emailed statement to MarketWatch late Tuesday. "Deletion from the channel store and platform has begun and will be completed shortly." Roku faced a public backlash after the it added the far-right conspiracy-theory promoting channel Infowars, although a number of companies, including Apple Inc. , Twitter Inc. , Facebook Inc. and Google parent Alphabet Inc. , banned the channel. Roku's stock has tumbled 36% over the past three months, while the S&P 500 has slipped 6.8%.

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