Netflix Inc
Netflix announces ‘Stranger Things’ spin-off as creators form new production company
(L-R) Matt Duffer and Ross Duffer attend Netflix’s Stranger Things ATAS Official Screening at Raleigh Studios Hollywood on May 27, 2022 in Los Angeles, California. Emma Mcintyre | Getty Images Entertainment | Getty Images Netflix plans to bolster its offerings with more content from its most popular property, “Stranger Things.” The streaming giant revealed Wednesday […]
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Stocks making the biggest moves midday: Uber, DoorDash, Coinbase and more
Uber Eats delivery Jonathan Raa | NurPhoto via Getty Images Check out the companies making headlines in midday trading. Uber, DoorDash – Shares of Uber slumped 4.6% and DoorDash fell 9% on news that Amazon agreed to take a stake in Grubhub in a deal that will give Prime subscribers a one-year membership to the […]
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Hulu is facing an existential crisis as Disney approaches a 2024 deadline to buy Comcast’s 33% stake
Signage is seen at the 2019 Deadline Contenders Hulu Reception at Paramount Theater on the Paramount Studios lot on April 07, 2019 in Hollywood, California. Rachel Murray | Getty Images Disney has a Hulu problem. In 2019, the entertainment giant struck an unusual agreement with Comcast. Two months earlier, Disney had acquired Fox’s 33% stake […]
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Barclays cuts Netflix target, sees bigger subscriber losses than expected
Netflix is on track to report another weak quarter as rising competition results in a big hit to subscribers, Barclays said. For the second quarter, Barclays anticipates a 2.8 million subscriber loss compared with Netflix’s anticipated 2 million loss. Meanwhile, recent credit card data from the bank suggests U.S. subscribers fell roughly 1% month-over-month in […]
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Jim Cramer says investors should eye these three tech names in the Nasdaq 100
CNBC’s Jim Cramer on Tuesday told investors his three stock picks from the worst- and best-performing stocks in the Nasdaq 100 during the first half of this year. “Tech stocks were horrendous in the first half. … No Apples, no Googles, no semis, no software as services – just default names that show you that […]
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Piper Sandler cuts Netflix price target, says ‘Stranger Things’ to provide only short-term relief
Netflix is still a “business in transition” story for investors to monitor and not buy yet, even with shares down more than 70% from their highs, according to Piper Sandler. Analyst Thomas Champion reiterated a neutral rating on Netflix and cut his price target by 28%. In a Tuesday note, the analyst said stiffer competition, […]
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Starz could turn into an ‘acquisition machine’ after Lionsgate spins it off
Liberty Media’s John Malone Michael Kovac | Getty Images Written in the Starz? Lionsgate is planning a spinoff of Starz, home of “Outlander” and “Power,” by early next year. Vivendi’s Canal Plus and private equity firm Apollo Global, in tandem with streaming distributor Roku, have both made preliminary bids for a 20% stake, sources say. A deal […]
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Consider hiding out in these tech stocks during a bear market, Bernstein says
With the Nasdaq Composite down 30% from its highs and deep in bear market territory, investors are finding no comfort in the technology sector. Yet amid this painful market backdrop, there are some areas within the downtrodden sector where investors can still find safety, according to Bernstein. “Tech’s overall valuation is now approaching its historical […]
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Recruiters say the tech job market is still red-hot, despite isolated layoffs and cautious words from execs
A ‘We’re Hiring!’ sign is displayed at a Starbucks Mario Tama | Getty Images News | Getty Images Last week, senior product manager for Coinbase David Hong wrote on LinkedIn that he was up at 4am to prepare for a meeting when his company MacBook abruptly shut down. He later found out he was part […]
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Roe v Wade’s demise forces companies to grapple with health care plans, employee privacy and more
Pro-choice activists are seen outside of the US Supreme Court in Washington, DC on June 15, 2022. Mandel Ngan | AFP | Getty Images The challenges posed by the end of Roe v. Wade are only just beginning for corporate America. By overturning the abortion precedent Friday, the U.S. Supreme Court set off a series […]
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