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Shares of over-the-top device and services company Roku shares yesterday closed up a whopping 68% on their first day of trading. Via a quick chat with chief financial offer Steve Louden:

Why IPO now: "People are more comfortable today that streaming is a massive opportunity."

Competition: "We're the only purpose-built operating system for TV. All the others port over from a phone OS… People think of us as the Switzerland of the TV ecosystem, so we provide companies like Amazon or Netflix with audience and streaming hours. They view us as a partner."

Leaving lots of $ on the table: "I'm gratified to see the early trading, but my focus is on executing against long-term opportunities." (Read: No comment)

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18 mins ago - World

Europe faces "stronger and deadlier" coronavirus wave

Paris under curfew. Photo: Kiran Ridley/Getty Images

The coronavirus is still winning: Now even Germany is entering another national lockdown, joined by France.

Why it matters: France has been "overpowered by a second wave,” President Emmanuel Macron said in a nationally televised address today. Macron said the "new wave will be stronger and deadlier" than the first.

Stocks close down more than 3%

Photo: Alexi Rosenfeld via Getty Images

Stocks took a hit on Wednesday, with the S&P 500, Dow Jones Industrials Average and Nasdaq dropping more than 3% across the board.

Why it matters: The volatility is a break from the stock market grinding higher in the face of spiking coronavirus cases, a stalling economy and gridlocked negotiations over an additional stimulus package.