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Reuters/Maxim Shemetov Here is what you need to know. North Korea threatens a missile strike on Guam. North Korea’s military announced it was consindering a strike on Guam just hours after President Donald Trump said he’d respond to more North Korean threats on the US with “fire and fury” unlike the world had ever seen. Stock markets around […]
Disney is making a big change in strategy, and the first thing to get cut is its exclusive movie deal with Netflix. On Tuesday, Disney announced that it would take majority ownership of streaming tech company BAMTech (which it was already a large investor in). The reason? Disney thinks that the future of entertainment will be […]
Charles McQuillan/Getty Images At this point, everyone knows FANG stocks are the place to be. A market cap-weighted index of Facebook, Amazon, Netflix and Google has surged 31% this year, more than triple the S&P 500, and 11 percentage points more than the already tech-heavy Nasdaq 100. And that dominance looks poised to continue, with tech companies expected to be […]
House of Cards / Netflix Maybe it’s time for Netflix short sellers to take a hint. With the company’s shares surging as much as 12%, to a record high, after a blockbuster earnings report that smashed subscriber growth forecasts, those betting against the company are having a rough day. They’re out more than $ 400 […]
House of Cards / Netflix Maybe it’s time for Netflix short sellers to take a hint. With the company’s shares surging as much as 12%, to a record high, after a blockbuster earnings report that smashed subscriber growth forecasts, those betting against the company are having a rough day. They’re out more than $ 400 […]
Netflix took off after announcing better than expected earnings for the second quarter. The company added 5.2 million total streaming subscribers, which was much higher than the 3.2 million expected by Wall Street. It also beat Wall Street’s guidance numbers for the third quarter, saying it expects 4.4 million new subscribers compared to the 3.99 […]
Sonja Pauen/Flickr Tech stocks continue their rollercoaster performance as FAANG stocks during Monday’s holiday-shortened session. The major tech stocks are all down, even as the Dow Jones Industrial Average hits all-time highs. Tech stocks have been propping up the Nasdaq this year, but recently the FAANG stocks have come under pressure. Here’s how the FAANG stocks […]
Netflix recently cancelled a pair of its high-profile original shows. If CEO Reed Hastings gets his way, there will be a lot more cancellations to come. Both “Sense8” and “The Get Down” got the axe after limited runs. That brought the number of original shows Netflix has dropped to somewhere between six and eight, depending on how […]
Netflix Netflix now has a trailer for “Ingobernable,” its upcoming show starring Kate del Castillo, the Mexican actress who helped set up the famous interview between actor Sean Penn and drug cartel kingpin Joaquín “El Chapo” Guzmán. The series is called “Ingobernable” (Ungovernable) and stars del Castillo as Mexico’s First Lady (Emilia). In the trailer, Emilia is on […]
