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Netflix Stock Soars After Posting Subscriber Growth

Netflix shares surged after the streaming giant reported its best quarter of growth since viewers were stuck at home in the early days of the pandemic. LightShed Partners’ Rich Greenfield joins Caroline Hyde and Ed Ludlow to discuss why he thinks Netflix is now the only game in town when it comes to streaming on…

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Netflix shares surged after the streaming giant reported its best quarter of growth since viewers were stuck at home in the early days of the pandemic. LightShed Partners’ Rich Greenfield joins Caroline Hyde and Ed Ludlow to discuss why he thinks Netflix is now the only game in town when it comes to streaming on “Bloomberg Technology.”
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3 Comments

3 Comments

  1. @thebroketrader42

    January 24, 2024 at 12:36 pm

    I bet most of the customers are BOTs. I believe their profits are down. Their revenue is up… by raising costs. growth is dead.

    Reply

  2. @thebroketrader42

    January 24, 2024 at 12:37 pm

    Rich greenfield stated amc entertainment would never make a single penny… they did 12m in profit last q without normal film releases

    Reply

  3. @AY-8478.

    January 24, 2024 at 6:24 pm

    Netflix should learn from Amazon’s Freevee, Plex… etc. model of programming, for additional subscribers. 2:33

    Reply

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Bloomberg’s Ed Ludlow discusses the latest announcement made by President Donald Trump, which will see Apple and Intel joining forces to produce chips domestically, sending shares of the chipmaker higher. Plus, Anduril’s CEO discusses how the company won a contract with the US Air Force to produce autonomous fighters. And, SpaceX wraps up its first full week of trading, with shares falling for a second day straight.

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Video platform Rumble is jumping on the AI bandwagon with its newest AI platform. Launching as Quake AI, the new sector combines cloud, compute, and AI infrastructure, and is slated to dominate the company’s business segment. Rumble CEO Chris Pavlovski joins Ed Ludlow on “Bloomberg Tech” with more on the pivot.
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