Meta Platforms (META) made several announcements at its Connect 2022 conference, most notably its new Meta Quest Pro VR headset. Read More...
Motley Fool
Why Netflix Stock Dropped Today
Shares of streaming powerhouse Netflix (NASDAQ: NFLX) got pummeled in afternoon trading Tuesday, falling 5.3% on a one-two-three punch of bad news from Wall Street. In rapid succession, Netflix suffered a price target cut, a negative preview of its third-quarter earnings report, and a scathing criticism of the company’s plan to add an ad-supported tier to its streaming service. Tic-tac-toe, three in a row, it’s nothing but bad news for Netflix today, beginning with StreetInsider reporting that Goldman Sachs has trimmed its price target on the streaming stock to $182 — and maintains a sell rating on the shares.
