The Nasdaq Composite Index tumbled 3% on Friday, capping its worst week since the financial crisis. It’s now fallen 22% since its August record.
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Spiralling losses in technology shares have pushed the Nasdaq Composite Index to the precipice of becoming the first major US stock gauge to enter a bear market since 2009.
Netflix is working to release its first-ever South African – and African – original television series, it was reported on Monday.
Netflix and other streaming video providers may be a long-term threat to MultiChoice, but the pay-television operator isn’t seeing too much of a challenge just yet, an analysis of the latest financial numbers from parent Naspers suggests.
Telkom said on Thursday that it has reached a partnership with Netflix to offer the global streaming giant’s service on its LIT set-top box.
I’m willing to pay twice what I’m paying today to a streaming service that does its best to get every artist’s latest album immediately after its release.
Investors hoping for a reprieve from the worst month for technology stocks in a decade were greeted with more selling on Monday.
Netflix, criticised for its marketing practices, has denied that it tailors the promotions of movies and TV shows based on the race of viewers.
Netflix is once again turning to the junk-bond market to fund new programming as the streaming video giant seeks to maintain its torrid subscriber growth.
Netflix is growing faster than even its most bullish fans on Wall Street predicted, soothing doubts about its global prospects and sending its already-stratospheric stock higher.