Asian shares were mixed in choppy trading Thursday, as inflation worries and the war in Ukraine had investors partly optimistic while staying cautious. Read More...
Motley Fool
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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