After two straight quarters of subscriber declines, Netflix (NASDAQ: NFLX) just showed that its growth story isn't dead. The streaming giant added 2.4 million subscribers in the third quarter, better than its guidance of 1 million. Netflix grew subscribers in all four regions with particularly strong growth in the Asia-Pacific region, where it added 1.43 million new members and still has a large market to penetrate. Read More...
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Why Nio, Rivian, and ChargePoint Stocks Are Volatile Today
Instead, investors appeared to be concerned with comments made by Goldman Sachs CEO David Solomon and former Amazon CEO Jeff Bezos about the state of the U.S. economy. The EV industry is just beginning to find its footing, but a widespread economic slowdown in the U.S. and abroad could add to an already turbulent time for high-growth EV companies. As a result, Nio (NYSE: NIO) was down by 9%, Rivian Automotive (NASDAQ: RIVN) fell by as much as 3.4% before bouncing back up by 0.1%, and ChargePoint Holdings (NYSE: CHPT) dropped 3.8% as of 11:49 a.m. ET.
