Epic Games trial reveals Apple negotiations with Netflix, Facebook and Microsoft

Apple and Epic Games have been facing off in one of the most closely watched antitrust trials in the technology industry in years. Epic Games presented its case this week, and Apple will present its case in the coming weeks. Eventually, Judge Yvonne Gonzalez Rogers will make a decision whether Apple must allow Epic to … Read more

Cathie Wood talks about her top disruptive ideas, including Netflix and Tesla

A Tesla logo on a Model S is photographed inside of a Tesla dealership in New York. Lucas Jackson | Reuters Star fund manager Cathie Wood on Friday discussed a few of her top disruptive stock ideas, including Netflix and Tesla. Wood’s flagship fund, Ark Innovation, has had a tough 2021 as investors have favored … Read more

Peloton stock sheds $4 billion in market value in 1 day over its treadmill debacle

Maggie Lu uses a Peloton Tread treadmill during CES 2018 at the Las Vegas Convention Center on January 11, 2018 in Las Vegas, Nevada. Ethan Miller | Getty Images Peloton shares closed Wednesday down nearly 15%, wiping $4.1 billion off its market value in one day, after the fitness equipment maker apologized for not voluntarily … Read more

YouTube is a media juggernaut that could soon equal Netflix in revenue

Susan Wojcicki, CEO, YouTube speaking at #VidCon, July 23, 2015. Harriet Taylor | CNBC Google’s YouTube is already the world’s largest online video platform. If continues growing the way it has the last several quarters, it could also match Netflix in revenues by year’s end. In its first-quarter earnings report Tuesday, Google parent company Alphabet … Read more

Netflix snags 7 awards, nearly doubling its all-time Oscars tally

Viola Davis stars in Netflix’s “Ma Rainey’s Black Bottom.” Netflix In one night, Netflix has nearly doubled its number of Oscar wins. Heading into Sunday’s 93rd annual Academy Awards ceremony, the streaming service had 36 Oscar nominations across 17 films — the most of any distributor in this year’s slate. By the end of the … Read more

Netflix faces another year with the most Oscar nominations and the likelihood of few wins

Gary Oldman stars as Herman J. Mankiewicz in Netflix’s “Mank.” Source: Netflix In recent years, Netflix‘s films have had no trouble earning top spots on Oscar ballots, but it has had a hard time turning those nominations into trophies. The streaming service first appeared on the Academy of Motion Picture Arts and Sciences’ radar in … Read more

How local TV stations plan to remain relevant as viewers shift to streaming

EW Scripps CEO Adam Symson Source: EW Scripps The technology behind the distribution of television has evolved with time, from the antenna to cable to satellite, and most recently to streaming. Now, according to EW Scripps Chief Executive Officer Adam Symson, the time has arrived for the next frontier of TV viewing: The antenna. As … Read more

Investors may have to tune out noise from pandemic booms and busts as they gauge earnings reports

A shopper walks by shelves in the paper products aisle of a store in Burbank, California, November 19, 2020. Robyn Beck | AFP | Getty Images In a typical earnings season, the rules of the game for investors can be relatively simple: Rising profits and strong year-over-year sales growth signal success. That formula won’t work … Read more

Here are Wednesday’s biggest analyst calls of the day: Amazon, Morgan Stanley, Apple & more

Here are the biggest calls on Wall Street on Source link

S&P 500 futures fall slightly in overnight trading, Netflix shares tank

Traders on the New York Stock Exchange. Source: NYSE Stock futures fell slightly in overnight trading Tuesday amid a sharp decline in Netflix shares, pointing to a third straight negative day on Wall Street. S&P 500 futures dipped 0.1% and Nasdaq 100 futures fell 0.4%. Futures on the Dow Jones Industrial Average traded near the … Read more