(Bloomberg) — After losing more than a million customers in the first half of 2022, Netflix Inc. has a message for investors: It could have been worse. The leader in paid streaming TV lost 970,000 subscribers in the second quarter, according to a statement Tuesday. That was less than half what Wall Street feared, thanks […]
Read More(Bloomberg) — Reed Hastings’s fortune was already on the decline before Netflix Inc., the streaming giant he co-founded, reported dismal first-quarter earnings. After Netflix shares plunged 35% on Wednesday, his wealth wipeout ranks among the biggest in the world, according to the Bloomberg Billionaires Index. Hastings, 61, has a net worth of $3.6 billion, down […]
Read More(Bloomberg) — Losing customers for the first time in a decade, Netflix Inc. is throwing out all of its old rules. The streaming leader will introduce a cheaper, advertising-supported option for subscribers in the next couple years, and will start to crack down on people sharing their passwords even before that. Netflix also will curb […]
Read MoreNetflix (NFLX) stock rose slightly in Friday afternoon trading after the streaming platform raised the price of its subscriptions by $1-2. Netflix’s basic plan in the U.S. rose by $1 to $9.99 per month. The standard U.S. subscription now costs $15.49 per month, up from $13.99. Netflix’s premium plan was increased to $19.99 per month […]
Read MoreNetflix said 142 million member households viewed Squid Game in the first four weeks after its release. Courtesy of Netflix Netflix shares inched higher in late trading Tuesday after the streaming video giant posted better-than-expected subscriber growth for the September quarter, while projecting further gains in the fourth quarter. For the quarter, Netflix (ticker: NFLX) […]
Read MoreSquid Game is likely bringing in new subscribers for Netflix. At the end of the day, that’s all investors care about. Put Squid Game aside. When Netflix reports earnings later today, Wall Street’s evaluation of the company’s progress will boil down almost entirely to subscriber growth. With Netflix, that’s the figure that moves the stock, […]
Read MoreFor most of the last year and a half, one of the areas that I have been able to find some interesting valuations to work have come from the Telecommunications industry. Some of the largest players in the industry do much more than just telecommunications; AT&T Inc. (T) has, of course long been one of […]
Read MorePlus, Coca-Cola said its second quarter revenue topped 2019 levels, Bitcoin is rebounding, and Ford is partnering with Argo AI and Lyft on an autonomous vehicle fleet.
Read MorePlus, Morgan Stanley delivered an earnings beat, Taiwan Semiconductor said it expects sales to rise more than 20% in 2021, and Netflix is pushing into video games with its latest executive hire.
Read MorePlus, Tesla began deliveries of its Model S Plaid, Netflix is launching an online shop, and Apple hired a veteran from BMW.
Read MoreIn the Technology sector, one of the most interesting trends to follow for the past few years has come from streaming media. Services like Netflix, Amazon Prime and Hulu were the early entrants into this fast-growing segment that has since seen a number of major broadcasting companies see the light and jump into the fray […]
Read MorePlus, the EU is taking legal action against AstraZeneca for shortfalls in its deliveries of its COVID-19 vaccine, Apple said it is increasing its U.S. investments by 20% over the next five years, and Netflix took home 7 Oscars over the weekend.
Read MorePlus, Apple unveiled a slate of new devices while a hacker said it had stolen device blueprints from one of its suppliers, and Dish Network made Amazon a key partner in development of its 5G network.
Read MorePlus, Europe’s drug regulator is now examining Johnson & Johnson’s vaccine for links to rare blood clots, Boeing’s 737 MAX is temporarily grounded again, and Netflix inked a deal with Sony to exclusively stream its movies after their theatrical releases.
Read MoreSometimes there are really remarkable events that diverge from the normally expected narrative that plays out in the markets. “Expected” events are what we usually expect to see talking heads discussing and analyzing – economic reports, consumer activity, monetary policy, the way the latest political intrigue will be felt, and for the past year, the […]
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