Tag Archives: Netflix

Financial Daily Dose 7.18.2019 | Top Story: Netflix Loses U.S. Streaming Subscribers For First Time

BY: Michael D. Reif | July 18, 2019

Netflix has been priming markets for bad news, and it delivered on Wednesday, reporting the loss of 126,000 paid U.S. subscribers in Q2—the company’s first domestic decrease since it started its streaming service 12 years ago. The drops coincided with Netflix’s March rate hike, in which it raised rates 13-18% – NYTimes and WSJ and … Continue reading

Financial Daily Dose 5.22.2019 | Top Story: Judge Deems Qualcomm Pricing Behavior Anti-competitive

BY: Michael D. Reif | May 22, 2019

N.D. California federal judge Lucy Koh sided with the FTC in its antitrust suit against semiconductor-industry giant Qualcomm, finding that the company “abused its position . . . to harm competition and charge cellphone makers excessive licensing fees.” The ruling sent Qualcomm shares sliding in pre-market trading – NYTimes and WSJ and Bloomberg Because it’s … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | January 16, 2019

As expected, Theresa May’s Brexit deal was roundly defeated in Parliament yesterday by an overwhelming 230-vote margin, the biggest House of Commons loss for a PM “in recent British history.” Following the vote, Labour Party leader Jeremy Corbyn called for a no-confidence vote – NYTimes and WSJ and Bloomberg and MarketWatch and Marketplace and Law360 … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | December 12, 2018

Prime Minister Theresa May has proven herself to be a remarkably good political survivor in the face of tall odds, but even she will have a difficult time this time around. Members of her own Tory party have called for a no-confidence vote for her that’s set for later today – NYTimes and WSJ and … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | November 1, 2018

Dealbook takes a look at the difference between investors’ views of tech stocks on the way up vs. the way down. Namely, while tech helped pull all markets to record highs in 2018, their fall has been part of a “broad-based affair” that appears less about correcting a tech bubble and more about questioning “the … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | August 14, 2018

Elon Musk had some explaining to do in light of his “funding secured” tweet on August 7 in the context of taking Tesla private, and he’s gone to the corporate blog to do so, arguing that his meetings with representatives of Saudi Arabia’s sovereign wealth fund before his tweet provided him with a defensible basis … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | July 17, 2018

Yesterday, federal officials unveiled an ongoing EEOC investigation into whether Uber “discriminated against women in hiring and pay” that began last August. The news extends Uber’s streak of investigations and brutal PR well over 18 months – NYTimes and WSJ FCC Chair Ajit Pai has generally been considered a friend to business during his tenure … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | January 23, 2018

It was a Monday of dealmaking, with insurance giant AIG announcing a $5.56 billion agreement to acquire Bermuda-based Validus Holdings [WSJ and Bloomberg]; biotech biggie Celgene Corp. agreeing to buy Juno Therapeutics for roughly $9 billion in a move to expand its blood-cancer drugs [WSJ and Bloomberg]; Bacardi paying the “premium price” of $5.1 billion … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | October 17, 2017

If Netflix is to be believed (and, you know, it is a public company), there’s a LOT more Stranger Things and House of Cards on the way – NYTimes and WSJ and Bloomberg and MarketWatch Turns out Nelson Peltz’s failed quest for a P&G board seat was crazy close.  As in, hanging-chads-style=get-ready-for-weeks-of-recount close – WSJ … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | August 28, 2017

Uber has picked a new CEO. Word emerged late yesterday that the board selected current Expedia chief Dara Khosrowshahi to take the helm. Khosrowshahi beat out high-powered execs like Jeff Immelt and Meg Whitman in assuming the top spot at the troubled ride-hailing company – NYTimes and WSJ and Bloomberg Dealbook gives us an in-depth … Continue reading