On Friday morning, Netflix’s stock soared by 11% following the announcement of its third-quarter earnings, which exceeded investor expectations. The company reported earnings per share (EPS) of $5.40, comfortably surpassing the consensus estimate of $5.12 from LSEG. This positive swing demonstrates Netflix’s resilience in a competitive market, where many media companies struggle to maintain profitability.
Earnings
In an unprecedented move, a U.S. judge has issued a permanent injunction that compels Google to open its Android ecosystem to greater competition. This ruling, delivered by Judge James Donato in California, marks a monumental outcome in the ongoing Epic Games antitrust lawsuit against Google, which has been in motion since 2020. This decision not
Mark Zuckerberg, the CEO of Meta, has recently made headlines by overtaking Jeff Bezos to become the world’s second richest individual, as per the Bloomberg Billionaires Index. With a net worth now standing at $206.2 billion, Zuckerberg has eclipsed Bezos’s previous figure of $205.1 billion. While he still trails behind Tesla’s Elon Musk by approximately
OpenAI has recently announced its latest funding round, securing an impressive $6.6 billion, which catapults its total valuation to a staggering $157 billion. This achievement has not only made headlines but also sets a new record for the largest venture capital round in history, as reported by Axios. Led by Thrive Capital, this funding round
The recent release of Tesla’s third-quarter vehicle production and delivery figures has stirred significant reactions within financial markets and the automotive industry. While the company reported impressive numbers, the stock’s response—a decline of 3.7%—suggests that investor sentiment reflects deeper concerns beyond just the headline figures. Below, we dissect the elements of Tesla’s report, the competitive
In recent years, the Indian ed-tech sector has experienced tremendous growth, yet it has not been without its challenges. Among the notable players in this tumultuous environment is Physics Wallah, a startup that has captured attention not only for its innovative approach to education but also for its remarkable funding achievements. Recently, the company announced
Oracle, the legacy tech giant founded by Larry Ellison in 1977, has been making waves on Wall Street this year. Following a recent earnings report that exceeded expectations, Oracle’s stock surged by 11% in a single day, closing at a record high of $157.10. This marks a significant turnaround for the company, which saw lackluster
The Boeing Starliner spacecraft successfully completed its uncrewed flight back to Earth, as confirmed by NASA. However, it is important to note that this return occurred months later than originally intended. This delay raises questions about the efficiency and readiness of the spacecraft for future missions. Impact on Original Crew The delayed return of the
Roblox, the popular kid’s gaming platform, is making a significant change in its monetization strategy. Game developers on the platform will now have the option to charge users real money for playing their creations, moving away from the exclusive reliance on Roblox’s digital currency, Robux. This new payment model, specifically targeted at Paid Access games,
The tech and chip-related stocks in Asia experienced a significant decline following the announcement of Nvidia’s second-quarter results. This drop was particularly pronounced in companies directly linked to the U.S. tech giant, such as South Korean chipmakers SK Hynix and Samsung Electronics. SK Hynix, a manufacturer of high bandwidth memory chips used in AI applications