Netflix stock tanking — after the company reported losing subscribers in the first quarter. What’s behind the loss? A California Pension fund wants to kick Warren Buffett out of his chairman position, at his own company. What’s the reason? President Biden offering bailouts to nuclear power plants that are struggling financially. It’s part of the clean energy…
Netflix Lost $50B in Market Cap, Subscribers Shrink; CalPERS Wants Buffet Out As Chair | NTD Business
Netflix Loses Subscribers for First Time in More Than a Decade Amid Increased Costs, Competition
Streaming giant Netflix has lost subscribers for the first time in more than 10 years, driven by factors such as increased competition, the ongoing conflict in Ukraine, and account sharing across non-paying households, the company announced on April 19. The American subscription streaming service told investors that it lost 200,000 members globally in the first three months of the…
More Analysts Re-Rate Netflix Ahead of Q1 Earnings
April 15, 2022
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Analysts re-rated Netflix Inc. ahead of its Q1 results. Barclays analyst Kannan Venkateshwar lowered the price target on Netflix to $380 from $425 (8.4 percent upside) and kept an Equal Weight rating on the shares. Netflix’s Q1 growth may not be very different from its weak guidance. Netflix’s accounting treatment of Russia, given the shutdown of operations…
Here’s Why Analysts Expressed Caution Ahead of Netflix’s Q1
April 8, 2022
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Analysts expressed caution ahead of Netflix Inc. Q1 earnings, highlighting EMEA’s churn risk, the company’s second-largest region, due to potential consumer spending pressure tied to higher energy costs and broader inflationary pressures and loss of subscribers in Russia. Baird analyst William Power noted that each 10 bps increase in churn could negatively impact EMEA net additions by…
The Tinder Swindler: Who’s to Blame?
Netflix’s true-crime documentary “The Tinder Swindler” depicts a man who dupes females into giving him massive sums of money by using intricate cons. But in the aftermath of the documentary, I examine what the real lessons should be, and the multiple entities responsible for such a scheme. Follow us on Facebook, Instagram, Parler, Gab, and Twitter Follow…
Why Apple Has ‘Little to Lose, a Lot to Gain’ by Expanding Its Services to Android Devices
Apple, Inc. maintains its ecosystem as a walled garden, and it has served it well so far. The company, however, stands to gain by opening up, according to an Apple specialist. What Happened Apple has been promoting its growing range of online services such as Apple TV+, Arcade, Fitness+ and iCloud with the phrasing “Only…
Cowen Analyst Comments Netflix’s New Password Sharing Experiments
Cowen analyst John Blackledge said Netflix Inc.’s new password sharing tests in three Latin American countries could yield a long-term revenue opportunity. Cowen’s monthly survey of 2,500 U.S. consumers suggested that 42 percent of U.S. users share a Netflix password leaving Netflix well-positioned to pursue ways to monetize these subscribers. If Netflix’s test worked and the company rolled…
Evercore ISI Sees 44 Percent Upside in Netflix, Reiterates Rating
Evercore ISI analyst Mark Mahaney said his 1,500-respondent U.S. quarterly survey on Netflix Inc. was “modestly positive.” The survey revealed penetration reached a “record high” of 69 percent of respondents who used Netflix, up 2 percent quarter-over-quarter. The proportion of Netflix’s happy users saw the “largest sequential decline in years,” possibly due to rising competition and recent price…
Netflix Testing Ways to Curb Different Households From Sharing Passwords
Streaming giant Netflix plans to roll out a new feature that would prevent different households from sharing their Netflix passwords by charging them additional fees. The platform announced in a statement on March 16 that it has been working for the past year on a feature that will allow members who share their Netflix passwords with…
Benchmark Sees Minimal Impact From Netflix’s Operations Suspension in Russia
Benchmark analyst Matthew Harrigan does not consider Netflix Inc.’s suspension of operations in Russia a significant blow to the streaming giant’s overall business. There is “a clear crisis fallout” that could affect Netflix’s stock valuation and international growth numbers, but its Russian subscriber base is paltry compared to other countries and regions. “The isolated financial effect is minimal,”…
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