Netflix posted the strongest financial results in company history Tuesday, adding a record 15.8 million paid subscribers — almost double the figure forecast by Wall Street analysts.
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Society is seemingly trapped in amber, frozen in place by the coronavirus. But really we’re speeding ever faster toward a technological future.
That the US’s biggest companies are technology firms whose businesses stood up to lockdowns has been good news for its stock market. For the Nasdaq 100 Index, it’s been salvation.
The coronavirus outbreak has forced billions of people around the world to answer a question they’d never contemplated. What do we do without live sports?
Tiger King, the Netflix documentary about a big-cat trainer who goes by the name of Joe Exotic, has become the runaway hit of the global Covid-19 pandemic.
Perhaps unsurprisingly, South Africans – forced to stay at home during a 21-day national lockdown aimed at fighting the spread of Covid019 – are turning to video-on-demand services in droves.
Netflix will reduce the bandwidth it uses to serve customers in South Africa and the rest of Africa for the next 30 days in an effort to alleviate pressure on network infrastructure during the Covid-19 crisis.
Having our normal daily lives upended by the coronavirus has heightened the demand for entertainment – and not just Netflix. “The virus is forcing us to use the Internet as it was always meant to be used.”
YouTube will reduce the quality of videos around the world starting on Tuesday, an effort by the world’s most popular video site to ease Internet traffic during the coronavirus outbreak.
A month ago, back when things made sense, Wall Street was convinced that when the rout came, high-priced technology stocks would lead the way down. That’s not how it’s playing out.