Why Bill Ackman gave up on Netflix just three months after buying the stock

Pershing Square Holdings Ltd. Chief Executive William Ackman, in a letter to shareholders, said Wednesday he sold the hedge fund’s investment in Netflix Inc. Ackman said he had high regard for Netflix...

Legacy media disrupted Netflix with streaming offerings, now it risks similar fate

Reed Hastings, co-CEO of Netflix, participates in the Milken Institute Global Conference on October 18, 2021 in Beverly Hills, California. Patrick T. Fallon | AFP | Getty Images We must be living in t...

Entertainment Industry Pushes To Shift Intellectual Property To Web3

ATLANTA, GA – APRIL 26: A general view of Marvel Studios’ Avengers: Infinity War Screening at The … [+] Fox Theatre on April 26, 2018 in Atlanta, Georgia. (Photo by Paras Griffin/Get...

Opinion: Do poison pills work? A finance expert explains the anti-takeover tool that Twitter hopes will keep Elon Musk at bay

Takeovers are usually friendly affairs. Corporate executives engage in top-secret talks, with one company or group of investors making a bid for another business. After some negotiating, the companies...

Netflix is exploring lower-priced, ad-supported plans after years of resisting

In this photo illustration the Netflix logo in the App Store seen displayed on a smartphone screen. Rafael Henrique | SOPA Images | LightRocket | Getty Images After years of resisting advertisements o...

Roku, Disney, other streaming stocks slide after Netflix report

Reed Hastings, Co-CEO, Netflix speaks at the 2021 Milken Institute Global Conference in Beverly Hills, California, U.S. October 18, 2021. David Swanson | Reuters The stock prices of streaming video co...

Netflix warns password sharing crackdown is coming

Reed Hastings, CEO of Netflix, attends a press conference in Mexico City, Mexico. Hector Vivas | Getty Images Today could be a dark day for your ex-boyfriend’s brother. Netflix, the world’...

Netflix (NFLX) earnings Q1 2022

Reed Hastings, co-CEO of Netflix, participates in the Milken Institute Global Conference on October 18, 2021 in Beverly Hills, California. Patrick T. Fallon | AFP | Getty Images Shares of Netflix crat...

Dr. Oz has close ties to the du Pont family heirs, and they’re backing his Senate run

Veteran physician and Pennsylvania Senate candidate Dr. Mehmet Oz has little-known, but close ties to the heirs of the DuPont chemical fortune who are financially backing Oz’s Senate run, accord...

Why consider the Dow transports when they point to a slowing economy? Because these 7 stocks are cheap

The Dow Jones Transportation Average has long been considered a good forward indicator of the direction of the U.S. economy. With early signs that an economic slowdown is coming, this might be an obvi...

Musk Says Twitter’s Board Owns Almost No Stock. Here’s How It Compares With Tesla.

Twitter’s directors are granted $225,000 of restricted stock units, plus at least $50,000 in cash, annually. David Paul Morris/Bloomberg Text size Elon Musk questioned Twitter directors’ alignment wit...

Elon Musk Isn’t Going Away if Twitter Rejects Him. Here’s What He Might Pay.

Text size Elon Musk Scott Olson/Getty Images Even if the Twitter board rejects Tesla CEO Elon Musk’s offer to buy the social-media platform, he won’t go away immediately. There is more drama to come. ...

Royal Caribbean Makes a Change Passengers Will Love

Cruise ships have an endless array of food and beverage choices. Passengers on a ship from Royal Caribbean (RCL) – Get Royal Caribbean Group Report, Carnival Cruise Lines (CCL) – Get Carni...

Rivian Predicts a Shortage for EVs Far Bigger Than Chips—Batteries

Text size A battery pack heads to the chassis line at the Rivian plant in Illinois. Courtesy Rivian The menu of shortages is expanding for car makers. First, the appetizer: the chip shortage. The main...

ThunderCore Rebrands To Lead Mobile Entertainment Revolution Into Web3

ThunderCore is celebrating our incredible progress during the first quarter of 2022 and setting the tone for the rest of the year by revealing our iconic new rebranding. In Q1 2022 we made great gains...

Blizzard Entertainment says no to the NFT market

TL;DR Breakdown • Blizzard’s president talks about the firm’s integration into the NFT market• Users find the president’s views on NFTs irrelevant. Ybarra Mike, the president of Blizzard Entertainment...

Golden State Warriors launch entertainment division, will feature BamBam

SAN FRANCISCO, CA – MARCH 16: Stephen Curry #30 of the Golden State Warriors warms up prior to the game against the Boston Celtics on March 16, 2022 at Chase Center in San Francisco, California....

U.S. stock futures slip headed into big earnings week

U.S. stock-index futures fell Sunday, ahead of a big week of earnings reports. As of midnight Eastern, Dow Jones Industrial Average futures YM00, -0.16% futures were down about 80 points, or 0.2%, whi...

Tesla, AT&T, Netflix, Bank of America, IBM, and Other Stocks to Watch This Week

Text size First-quarter earnings season picks up next week, with 67 S&P 500 companies scheduled to report.  Bank of America will be Monday’s highlight, followed by Netflix , Johnson & Johnson ...

Opinion: Elon Musk’s bid for Twitter spells trouble for Tesla investors — here’s why

For years, Elon Musk has used hype to prop up Tesla’s stock. It’s worked so well that other companies have followed his lead. But now we think the world has seen that the emperor has no clothes. The a...

What Is a Poison Pill? Twitter Adopts Defensive Move to Fend Off Elon Musk.

Elon Musk offered to buy Twitter for $43 billion. He currently has a 9.2% stake in Twitter. Photo by Christian Marquardt – Pool/Getty Images Text size Twitter adopted a so-called poison pill Fri...

Will Twitter Accept Elon Musk’s $43 Billion Offer? His Options If Twitter Says No.

Text size Tesla CEO Elon Musk. Patrick Pleul/POOL/AFP via Getty Images Elon Musk, the billionaire businessman, has some options if Twitter rejects his nearly $43 billion bid. Twitter (ticker: TWTR) co...

AT&T and WBD Stocks Both Look Attractive. Here’s Why.

Text size Barron’s praised AT&T’s Warner Bros. spinoff in a May 2021 cover story. Both stocks are attractive now. Justin Sullivan/Getty Images AT&T has officially closed the book on a tumultuo...

This is how much you made if you bought into the oil crash 2 years ago

If you want to retire rich, the late, great Dan Bunting has some advice for you. “Always buy the market (i.e., stocks or even just the index) after a spectacular bankruptcy,” my old friend Bunting, a ...

Inflation is raging, but these 16 companies have pricing power

Decades of deflationary forces that helped feed booming prices for U.S. stocks are over, at least for now. But some companies are countering the trend, by a combination of holding down expenses and ra...

Musk’s Cannabis-Themed Twitter Offer Looks High but Not Wacky

Text size Elon Musk is offering $54.20 a share for all of Twitter. Al Drago/Bloomberg Elon Musk is offering $54.20 a share for all of Twitter —and you don’t need to work up a discounted cash flow anal...

Elon Musk and Twitter: What Happens Next

Text size Tesla founder and CEO Elon Musk could continue to face legal questions over his new stake in Twitter. Win McNamee/Getty Images Elon Musk’s back and forth with Twitter  took another turn this...

More parents bringing kids to Sin City

It may not be Orlando, but Las Vegas is giving other family-friendly destinations a run for the money.  “Sin City” once marketed itself to people with naughty inclinations with the slogan ...

Facebook parent Meta set to take nearly 50% cut from virtual sales — and Apple is calling it out

Facebook parent Meta Platforms Inc.’s intent to take a nearly 50% cut of digital asset sales within its emerging metaverse is drawing widespread criticism from developers and longtime nemesis Apple In...

Meta Stock Might Have Another Round of Weaker Earnings Ahead

Text size Meta stock saw a couple of price target cuts as analysts worried about its coming earnings report. Justin Sullivan/Getty Images Wall Street is bracing for another rough quarter for Facebook ...

Metaverse Entertainment Firm Infinite Reality Acquires eSports Giant Rekt Global in $470M Deal

The acquisition will see Infinite Reality integrating Rekt’s esports and entertainment business while merging with its own gaming, social, virtual, and remote production. On Tuesday, April 12, Metaver...

AT&T ‘Looks More Like Verizon.’ What Wall Street Is Saying About the Stock.

Text size AT&T has spun off WarnerMedia. Andrew Harrer/Bloomberg Investors sent AT&T stock up nearly 8% on Monday after the spinoff of WarnerMedia. Wall Street analysts seem to be just as upbe...