Four years ago, Netflix Chief Executive Reed Hastings said the company's next 100 million subscribers would come from India. Netflix and rival streaming giant Disney have both struggled to gain traction in the world's second most populous country. The thing that frustrates us is why haven't we been as successful in India. Read More...
Reuters
Buffett’s Berkshire posts record annual profit, extends but slows buybacks
Warren Buffett’s Berkshire Hathaway Inc on Saturday said fourth-quarter profit swelled, boosted by gains in many of its businesses and common stock investments such as Apple Inc, and said annual earnings reached a record high. Berkshire also signaled renewed confidence in its own stock, repurchasing $6.9 billion in the quarter, and boosting total buybacks in 2021 to a record $27 billion. But the pace of buybacks has slowed, with Berkshire, whose share price is just 2% below its record high, repurchasing just $1.2 billion of stock in 2022.
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