|Bid||330.010 x 1200|
|Ask||330.300 x 800|
|Day's Range||310.928 - 331.560|
|52 Week Range||164.230 - 423.210|
|PE Ratio (TTM)||148.77|
|Earnings Date||Oct 15, 2018 - Oct 19, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||377.38|
Yahoo Finance's Dan Howley breaks down the outrage with Seana Smith and Dion Rabouin.
Netflix user reviews are no more. Sure, chances are pretty decent you didn’t realize Netflix still had reviews at this point, but the video streaming giant has delivered on its promise to do away with the one-time mainstay of the service. Last month, it informed recent users that reviews would be sunset soon. Netflix dropped the feature this week with little fanfare, simply updating the “How do I post reviews on Netflix” section of its help page to read, “You can no longer post reviews on Netflix.” Fair enough, I guess.
At the same time that Netflix Inc. ( NFLX), Amazon.com Inc. ( AMZN) and Hulu are in a cutthroat battle for subscribers, they have to contend with a different form of competition: Millennial customers are sharing their logins and passwords with family and friends. While sharing passwords to access streaming content isn’t as common among older views, for millennials and younger consumers who grew up with a smartphone in their pocket, it's becoming an increasing problem. According to CNBC, the streaming content providers are losing hundreds of millions of dollars in potential sales from subscribers that don’t have to join because of the sharing habits of their friends and families.
A few years back, CNBC personality and former hedge fund manager Jim Cramer coined the FANG acronym. Last week, he replaced it with WANG stocks.
Internet giant Amazon (AMZN) is reportedly seeking to acquire Landmark Theatres, a chain of movie theaters, to build its own movie portfolio and attract customers to its Amazon Prime subscription. According to Bloomberg, citing anonymous sources, the online retail giant is seeking to acquire the theater chain from Wagner/Cuban Cos., which is backed by Tom Wagner and Mark Cuban.
China is now the world's second-highest spender on television shows after the U.S., with its annual expenditure hitting $10.9 billion in 2017. It beat the U.K., with a spend of $10 billion, into second place, according to a report by analyst IHS Markit. Both countries' program spend is dwarfed by the U.S., which spent $58.3 billion on content.
Apple’s stock price has been on a tear. When I wrote that the next milestone for Apple stock would be $250, the shares were trading at $197.75. Others sold shares on the news that Apple had reached a $1 trillion valuation.
Netflix (NASDAQ:NFLX) once was the hottest in the FANG group, but now Netflix stock is down 25% off its all time highs. All of FANG has had a tough time leading the market recently, and many market observers blame Facebook (NASDAQ:FB). The social media giant has dealt with privacy concern after privacy concern, the sum of which culminated in a disastrous earnings report that caused the company to lose $100 billion in value in a single day.
Let’s now look at Charter Communications’ (CHTR) performance in the video space. Charter’s residential video customer count fell ~1.8% YoY (year-over-year) to ~16.2 million at the end of the second quarter. On a net basis, Charter lost 73,000 residential video customers, compared with 91,000 in the second quarter of 2017. Wall Street had expected a loss of 108,000 subscribers. This reduction was primarily due to rapid growth in OTT (over-the-top ) video viewing trends. ...
Dish Network (DISH) is still losing customers due to cord-cutting, as its latest quarter results showed. However, the company’s streaming service Sling TV is a bright spot in its second-quarter results. There are now more than 2.3 million Sling TV subscribers after the service gained 41,000 customers in the second quarter.
Netflix (NFLX) signs Kenya Barris of Black-ish fame. However, its new test of running promos in between streaming of episodes is annoying subscribers.
For the past few years, Netflix NFLX has automatically started playing the next episode of a show as the last one was finishing, to increase the odds that people stay on the couch a little bit longer. Now Netflix users might start to see ads for other shows during those countdown seconds, as the streaming giant has said it is testing out recommendations. Netflix released the statement in response to reports after a Reddit post titled "Netflix forced me to watch an unskippable ad for 'Better Call Saul'" was upvoted more than 4,000 times (the thread has since been removed).
Movie-streaming giant Netflix is making changes including shutting down the reviews section, while Pepsi Co. will buy SodaStream for more than $3 billion. These headlines and more from CBS MoneyWatch