Netflix reverses subscriber drop, shares jump 10%

LOS ANGELES, Oct 18 (Reuters) – Netflix Inc (NFLX.O) reversed subscriber losses and provided a slightly more bullish view than Wall Street had hoped, projecting new ad-supported streaming options will help attract 4.5 million subscribers by year-end . Netflix shares jumped 10% in after-hours trading on Tuesday to $265.00. Shares of the company, a favorite … Read more

Wall Street rally highlights reports from Tesla, Netflix

Oct 18 (Reuters) – Investors are speculating about whether Monday’s big stock jump was the start of a recovery or another pause in the market’s downturn, and the answer may hinge in part on upcoming quarterly results from heavyweights including Tesla Inc (TSLA.O), Johnson & Johnson ( JNJ.N) and Netflix Inc (NFLX.O). The world’s most-tracked … Read more

Toshiba shares jump on report of possible Japanese-led $19 bln bid

TOKYO, Oct 13 (Reuters) – Toshiba Corp’s (6502.T) shares rose 7% on Thursday on a report of a potential Japanese-led $19 billion bid that could lead to foreign activist investors being bought out after years of tension. A consortium led by private equity firm Japan Industrial Partners has been given preferred status in a second … Read more

French TV shares slump after merger to challenge Netflix collapse

A view shows the headquarters of French television group M6 in Neuilly-sur-Seine, near Paris, France, May 21, 2021. REUTERS/Sarah Meyssonnier/File Photo Sign up now for unlimited FREE access to Reuters.com List PARIS/MILAN, Sep 19 (Reuters) – The collapse of a deal to form a French TV giant to challenge US streaming services like Netflix (NFLX.O) … Read more

Tesla quarterly profit beats estimates; sells most of its bitcoin

A Tesla logo is seen in Los Angeles, California U.S. January 12, 2018. REUTERS/Lucy Nicholson Register now for FREE unlimited access to Reuters.com Register July 20 (Reuters) – Tesla Inc (TSLA.O) on Wednesday reported a higher-than-expected quarterly profit as a string of price increases on its best-selling electric vehicles helped offset production challenges caused by … Read more