Weak subscriber numbers had investors fleeing the stock, and a poor outlook for adding customers led to a single-day drop of 35%. The question is whether those advantages outweigh a glaring weakness that showed up in the subscriber numbers of the entertainment stock. Here are three reasons to buy Netflix and one reason to sell. Amid a slight decline in its subscriber base compared with the fourth quarter, Netflix stock wiped out more than four years' worth of gains. Read More...
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Why Spotify, DraftKings, and Paramount Global Shares Plunged Today
Shares of Spotify Technology (NYSE: SPOT), DraftKings (NASDAQ: DKNG), and Paramount Global (NASDAQ: PARA) were all down big on Wednesday, falling 10.9%, 7.8%, and 8.6%, respectively, on the day. One might think that today’s reaction is a bit severe, and that Netflix’s troubles may be more company-specific. One might think Paramount Global would get a more bullish turn today, given that it is a direct competitor to Netflix and is much cheaper.
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