Netflix's Chill Is Now 'Disastrous'
The streaming industry is feeling shockwaves after Netflix stunned analysts Tuesday in reporting its first loss of subscribers in more than a decade. Shares fell 35% Wednesday,...
Source: newser.com
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Wall St rises on strong earnings from Tesla, airlines; Dow up 250 pts
The world's most valuable automaker jumped 9% after its results beat Wall Street expectations as higher prices helped it overcome supply-chain chaos and rising costs.
Source: businesstoday.in
Shares in Netflix Drop after subscribers quit streaming service
Shares in Netflix have slumped by 35% after it revealed a sharp drop in subscribers and warned millions more are set to quit the streaming service. It wiped more than $50bn off the firm’s market value as experts warned it faced a struggle to get back on track. Netflix faces…
Source: newsghana.com.gh
Ackman gives up on Netflix, taking $400 mln loss as shares tumble
William Ackman sold a $1.1 billion bet on Netflix (NFLX.O), netting a loss of more than $400 million as the streaming service's price plummeted
Source: techstory.in
$50bn wiped off Netflix's value as subscribers quit
Shares in the streaming service company slumped 35% as it warned of tough times ahead.
Source: bbc.com