The market rally is still under pressure, despite Tuesday's broad gain. Netflix guided low on subscribers. Facebook led new buys. Read More...
Reuters
Netflix’s gaming foray will cost time and money – Wall St
Wall Street analysts welcomed Netflix’s planned plunge into mobile gaming on Wednesday, calling it a sensible move to keep users’ eyes on screens while worrying it would take significant time and investment to pay off. Announcing the move with this week’s quarterly results, the video streaming pioneer offered little detail about the investment its plans would require, but product boss Greg Peters said it would be a “multi-year” effort that would start “relatively small”. Paolo Pescatore, an analyst at research firm PP Foresight said the venture would be “a costly bold move” for the company, requiring significant time and investment with no guarantee of success.
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