Google's report
Global digital advertising giant Google has posted a strong quarter, with results beating Wall Street expectations. Revenues at Google Cloud rose 54.3%. Shares were up 3.8% before the opening bell.
Shar...
Subscriber growth and plans
In Netflix's second-quarter report, the company reported revenue growth of 19%, above estimates, with the number of new paid subscribers also surpassing Wall Street estimates. Netflix said it would add...
Company shares and new head
Amazon shares rose 7% in the past two trading days after CEO Jeff Bezos handed over to Andrew Jassy, who headed AWS's cloud division. A big boost to the stock was the Pentagon's decision to cancel ...
Films for Netflix
Netflix shares rose on news of a multi-year contract with Steven Spielberg's film company Amblin Partners, which will make several feature films a year for the Netflix service.
Netflix ...
NYSE premarket
Tesla (NASDAQ:TSLA) shares fell 0.5% on the New York Stock Exchange premarket after CEO Elon Musk announced on Twitter (NYSE:TWTR) that the electric car maker has halted production of the Model S Plaid Plus, which was expected to be T...
iPhone for a subscription
AT&T, Verizon and T-Mobile are seeking to reach a larger audience of loyal customers with expensive subscriptions that include 5G. Competing companies have returned to providing smartphones for free or at a discount in ...
Dividend cut
AT&T shares fell 5.8% on Tuesday, following a 3% fall on Monday, as investors react to the company's announcement of a 40%-43% cut in its dividend payout ratio.
AT&T shares rose initially on Monday before falling in the second ...
Disney+ subscriber growth
Disney reported quarterly earnings above market analysts' expectations, but its revenues came in below estimates. Disney's streaming business added fewer new users than Wall Street forecast, similar to Netflix's latest quar...
Taking bribes
It has come to light that a former top executive of Netflix Inc. Michael Kail, who served as the company's vice president of information technology, has been convicted of accepting bribes from suppliers in exchange for contracts. Kail ...
United States stock market
US stock exchanges ended trading in the green zone. S&P 500 rose 0.93% to 4173 points, Dow Jones added 0.93% and NASDAQ rose 1.19%. Almost all sectors showed positive dynamics with the exception of utilities (-0.90%) a...
Sharp drop in shares
Netflix reported on Tuesday adding 3.98 million new paid subscribers worldwide for the first quarter. Netflix points to the pause in movie production due to the pandemic and denies the impact of growing competition.
Shares ...
Apple's presentation
Apple has officially announced a presentation on 20 April, according to the company's website.
According to the published schedule, the presentation will take place on 20 April. However, the company did not specify what devices...
Contract to Sony
Netflix shares rose 1.4% on Thursday after the company announced a long-term contract from Sony Pictures Entertainment that will see both older films from the movie studio and 2022 releases appear on its streaming platform...
New advertising tool
Facebook shares rose on Monday as the company launched a new advertising tool for streaming video platforms such as Netflix, Disney and others. Facebook's algorithms will offer social network users ...
Buying a film
The highest-profile business news from the Sundance Film Festival in early February was the purchase of the film Coda by online platform Apple TV+. The streaming service paid $25 million for the film about a talented girl singer from a...
US indices fall
Technology stocks declined on Wednesday and the preceding days, while stocks in the financial, industrial and other sectors, which could rise after a pandemic, increased.
Major US stock indices fell sharply on Wednesday, continuing ...
Subscriber growth
Netflix posted fourth-quarter results above analysts estimates and reported positive cash flow for the year. The company said it does not need to borrow and can afford share buybacks, while continuing to actively invest in growth o...
Indexes close in the negative
The S&P 500 and Dow Jones indices closed lower on Monday as Walt Disney (NYSE:DIS) shares fell, while Alexion Pharmaceuticals jumped on news of a $39 billion takeover offer from AstraZeneca (LON:AZN), which would be...
Company plans
Disney sees strong growth in Disney+, Hulu and ESPN+ subscribers, expecting 325 million by 2024. The company is banking on international expansion of the Disney service and the Indian&n...
Will Netflix share prices rise?
Netflix shares (NFLX) fell after the company published its quarterly report on 20 October with only 2.2 million new subscribers. At the same time, stock growth has recovered over the last week and the Netflix share pr...
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