Netflix added 8.3 million subscribers in the fourth quarter, raising its worldwide subscriber base to 222 million, the company said in announcing earnings Thursday. The number was slightly off the 8.5 million that Netflix had forecast, but the 1.2 million subscribers added from the United States and Canada region reflected its strongest quarter there since the beginning of the
The Korean series, where characters desperate for money enter a deadly competition, was viewed by 142 million households in its first four weeks — the largest series launch in Netflix history, the company said. The program ranked as first in 94 countries, including the U.S.
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In the late 1990s, it was websites. In 2007, it was mortgage-backed securities. Every time financial markets get caught up in a period of temporary euphoria, there's some new type of investment that's all the rage.
This time around, the boom in retail trading in the past year has brought four new types of investments to the forefront, according to Berna Barshay, editor and research analyst at Empire Financial Research. Barshay calls these investments the “four horsemen” of the current period of heightened market euphoria and excess speculation: SPACs, so-called “meme stonks,” cryptocurrencies and non-fungible tokens.
Barshay said it’s easy to recognize these periods of what former Federal Reserve Chair Alan Greenspan famously called “irrational exuberance.” However, timing the tops in these speculative booms is much more difficult. Greenspan himself was about four years early when he delivered his irrational exuberance speech in 1996.