Why Warren Buffett Bought Paramount, Not Netflix, Stock

Text size Paramount + has about 62 million subscribers. Valerie Macon / AFP via Getty Images Older viewers love CBS, but I’m guessing Warren Buffett did not just drop $ 2.6 billion on network parent shares Paramount Global because he’s a big fan of NCIS: Hawaii. He might be betting that investors have got show … Read more

Tencent shuts down rival to Amazon Twitch after China blocks key merger

Tencent attempted to create a gaming live streaming giant through the merger of Huya and DouYu, two companies it has a significant stake in. But regulators in China shut the deal down in 2021. Months later, Tencent is shutting down its own game live streaming service Penguin E-Sports. Feature China | Future Publishing | Getty … Read more

FuboTV stock drops after earnings on mixed outlook

Shares of fuboTV Inc. were off 1% in after-hours trading Wednesday after the streaming company delivered revenue ahead of what it had been expecting when it delivered preliminary results a month earlier but also issued a mixed outlook. The company reported a fourth-quarter net loss of $ 112.0 million, or 76 cents a share, compared … Read more

Opinion: Trump-related SPACs surge, then fall, as retail investors have their own Joe Rogan experience

Joe Rogan’s podcast future is up in the air, and – for a few hours on Monday – so were the stock prices of some MAGA SPACs. Shares in CF Acquisition Corp VI CFVI, + 18.17% soared as high as 39.7% in late-afternoon trading as investors began to ponder the possibility that the controversial comedian … Read more

Netflix Co-CEO Reed Hastings Bought $ 20 Million of Stock

Text size Netflix co-founder and co-CEO Reed Hastings just made his first purchase of the company’s shares on the open market. Henrik Jonsson / Dreamstime.com Netflix ‘s stock has slumped in 2022, and co-founder and co-CEO Reed Hastings disclosed that he bought $ 20 million of shares of the streaming giant this past week. Netflix … Read more

Peloton and Netflix Stocks Have Fallen. Here’s How Best To Play It.

One bank says to use the recent growth-stock selloff to buy shares of Alphabet . Another says Amazon.com and Facebook owner Meta Platforms . A third is going in a different direction and picking all three. I have not seen calls this bold since my barber decided to put his index fund on dividend reinvestment. … Read more