Billionaire activist investor William Ackman has liquidated a $1.1 billion bet on Netflix, and booked a loss of more than $400 million. The development comes at a time when the video streaming company reported a loss of subscribers for the… Read More ›
For the first time in more than a decade, Netflix Inc reported a loss citing the war in Ukraine, and fierce competition which led to a loss of subscribers; it has also forecast deeper losses ahead, marking an abrupt shift… Read More ›
On Thursday, in a statement Netflix Inc said, it has hired a former Facebook executive to lead its video games unit. The development comes at a time when the company is ramping up its efforts to grow beyond its traditional… Read More ›
In a potential deal that marks Amazon attempting to boost its video services, the Wall Street Journal has reported that the world’s biggest online retailer is negotiating with the National Football league (NFL) for exclusive media rights to broadcast in… Read More ›
Judge Richard Leon is expected to take a decision on the proposed merger by June 12. As per a court filing, AT&T wants a federal judge to reject any request by the U.S. Justice Department which compels it to divest… Read More ›
Although it is unclear whether Amazon will be able to reach its targeted ads target at its intended price, or whether this effort will generate it any profit, one has to keep in mind that the e-commerce giant has traditionally… Read More ›
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