Netflix shares hit record as subscriber growth defies odds once again
Shares of Netflix soared 13% to an all-time high after the streaming giant’s big bet on sports helped add a record 18.9 million subscribers in the holiday quarter.
Shares of Netflix soared 13% to an all-time high after the streaming giant’s big bet on sports helped add a record 18.9 million subscribers in the holiday quarter.
Walt Disney named Morgan Stanley veteran James Gorman as chair and said it would announce a replacement for CEO Bob Iger in early 2026.
The U.S. Department of Justice’s proposed remedies to break up Google’s search dominance could weaken its main profit engine and stall its advances in AI.
Nvidia shares were soaring 10% afternoon after the company announced a 10-for-one stock split as part of a blockbuster quarterly report.
Shares of Reddit rose 14% on Friday, following a partnership with artificial intelligence firm OpenAI that is expected to draw in more users for the social media platform.
Pinterest dropped over 10% in a sign that smaller social media platforms could be losing the battle to bigger players for ad dollars.
More advertisers are likely to flee Elon Musk’s social media platform X after the billionaire lashed out at some of the biggest names in the media industry.
OpenAI named ex-Twitch boss Emmett Shear as interim CEO, while outgoing chief Sam Altman is set to join backer Microsoft in a surprise turn of events for the startup.