Text size Netflix shares have plunged by more than 70% so far in 2022 Getty Images A once infatuated Wall Street has definitely cooled on the godfather of streaming, Netflix , with a longtime bear adm...
Tag: Games Software
Warren Buffett’s Berkshire Hathaway reveals new stakes in Paramount, Citigroup
OMAHA, Neb. — Warren Buffett’s company on Monday revealed all the investment moves it made in the first quarter, when it spent more than $51 billion on stocks. But Buffett had already shared the bigge...
Berkshire Hathaway Sold Nearly All Its Verizon Stake in the First Quarter
Text size Warren Buffett’s Berkshire bought stakes in Paramount Global and Market in the first quarter. Paul Morigi/Getty Images for Fortune/Time Inc Berkshire Hathaway bought stakes in Citigrou...
Warren Buffett Spends Big as Stock Market Sells Off
The stock market’s selloff has been bad news for most investors. The Omaha-based company bought 901,768 shares of Occidental Petroleum Corp. OXY 8.21% last week, according to a regulatory filing. The ...
Phillips 66, Electronic Arts, and 5 More Companies That Raised Their Dividend
Text size Phillips 66 raised its stock dividend this week. David Paul Morris/Bloomberg Phillips 66 , Cardinal Health , and Electronic Arts were among the U.S. companies that declared dividend increase...
Unity Software loses $5 billion in market cap after Apple’s changes lead to ‘self-inflicted wound’
Unity Software Inc. executives thought they had found a way to avoid fallout from changes in Apple Inc.’s mobile operating system. It turns out they were wrong, and Wall Street punished Unity U, -37.0...
Unity Software Earnings Met Estimates. Why the Stock Is Cratering.
Text size Unity stock was dropping after its earnings release. Dreamstime Unity Software stock was tumbling after the videogame development platform’s earnings met analyst expectations but its sales a...
Activision Blizzard’s Earnings Miss. Investors Care More About Microsoft Merger.
Text size Microsoft announced plans to purchase Activision Blizzard for about $69 billion, or $95 a share, in January. Patrick T. Fallon/Bloomberg Activision Blizzard stock was dipping on Monday after...
Roblox Stock Halved This Year. These Analysts Say Estimates Are ‘Too High.’
A wave of metaverse excitement for Roblox shares evaporated in recent months amid slowing domestic user growth trends and concerns about profitability. Courtesy of Roblox Text size A wave of metaverse...
Warren Buffett’s firm took big stake in Activision Blizzard ahead of Microsoft deal
OMAHA, Neb. — Warren Buffett’s company placed a rare bet on a technology company late last year and it has already paid off in a big way. Berkshire Hathaway BRK.B, -1.52% revealed in documents filed w...
Zynga reports record results, stock mostly unmoved after hours pending acquisition by Take-Two
Zynga Inc. reported record results in the extended session Wednesday with a slight bottom-line miss, but shares of the videogame publisher were flat after hours given its pending acquisition by Take-T...
Unity Software Stock Rises as 2022 Revenue Forecast Tops Estimates
Text size Dreamstime Unity Software stock traded higher Friday after the fourth-quarter adjusted loss at the videogame developer tools maker was narrower than Wall Street expected and the company issu...
U.S. Stock Futures Poised for Lower Open on Monday
Stocks are poised to open lower on Monday. Michael Nagle/Bloomberg Text size Here’s what you need to know to navigate the markets today. • U.S. stocks are set to open Monday slightly down. On Sunday n...
Microsoft could have just kicked off a Big Tech gold rush, which helps videogame stocks but maybe not gamers
Microsoft Corp.’s agreement to buy Activision Blizzard Inc. would be the largest tech acquisition ever, and the chance it could prompt other Big Tech names to make their own acquisitions sent videogam...
Zynga Stock Soars on Deal to Be Acquired by Take-Two for $12.7 Billion
Text size A bicyclist rides by the Zynga headquarters. Justin Sullivan/Getty Images Shares of mobile gaming services company Zynga were soaring in premarket trading following the news that it will be ...
Unity Stock Initiated at Sell. It Once Was a ‘Pandemic Darling.’
Text size Hickey initiated coverage of Unity at a Sell rating with a $27 price target. David Paul Morris/Bloomberg Shares of Unity Software were falling in premarket Thursday after an analyst at Bench...