Faultline’s graph below paints a distorted picture of Roku’s current market positioning. Despite the streaming device and TV operating system slinger reaching record high KPIs of 80 million active accounts and 29.1 million streaming hours as of Q4 2023, the company is facing immense competition that threatens to throw its meteoric rise completely off course. With Walmart now confirmed to be acquiring smart TV maker Vizio (see standalone story), and with Amazon becoming one of the world’s largest ad-supported streaming platforms overnight, the risks to Roku’s business are greater than ever. Like its streaming rivals, Roku is likely to start guiding investors away from active accounts and streaming hours as key operating metrics, and towards bottom line figures – a…