Predictions about more competition for Tesla are a little like Elon Musk’s predictions for fully autonomous cars. Shares of Netflix are in a deep, deep hole. The company’s market capitalization is now less than $100 billion, down from a peak of more than $300 billion. 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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