Netflix shares drop on growth worries
Netflix shares dropped as much as 8 percent Thursday after results underwhelmed investors already worried about slowing engagement at the streaming giant. The Los Gatos, California-based company is facing fierce competition from YouTube, TikTok and other short-form content providers. Netflix recorded $3.4 billion in net profit between April and June, an increase of more than […]
Warner Bros rejects Paramount takeover again and tells shareholders to stick with Netflix bid
Warner Bros. again rejected a takeover bid from Paramount and told shareholders Wednesday to stick with a rival offer from Netflix. Warner’s leadership has repeatedly rebuffed Skydance-owned Paramount’s overtures — and urged shareholders just weeks ago to back its the sale of its streaming and studio business to Netflix for $72 billion. Paramount, meanwhile, has made efforts to sweeten its $77.9 […]
