Company Insights
Netflix To Focus On Profits Amid Slowing Subscriber Growth
Following two consecutive quarters of subscriber losses, Netflix is growing again.
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Company Insights
Company Insights
Wells Fargo’s $2 Billion Hit Points To Long Road Ahead In Legal Saga
Legal and regulatory expenses delivered a surprisingly steep blow to Wells Fargo & Co.
Netflix Could Recapture Up To 20% of Lapsed Subscribers With New Ad-Supported Tier
Netflix’s launch of a lower-cost, ad-supported tier could recapture as many as 10 million users and $1to $2 billion in incremental revenue by 2024, per an Evercore analysis.
Coinbase
Coinbase’s Stock Drops As Proprietary Trading Experiment Exposes Potential Conflicts of Interest
Crypto exchange Coinbase (COIN) has denied a Wall Street Journal report that it began quietly dabbling in proprietary trading earlier this year.
Company Insights
Ford doubles down on electric future
In late September, Ford broke ground on the largest factory in the company’s 119-year history, a massive electric vehicle facility in Tennessee.
Airbnb
Airbnb’s Brian Chesky Hints at Fintech and New Host Features
Airbnb chief executive officer Brian Chesky indicated that new payment and host features could be on the horizon for the company during a fireside chat at the Skift Global Forum in New York on Wednesday.
Company Insights
Meta Plans Hiring Freeze as It Seeks to Cut Staffing Costs
Meta Platforms Inc. has instituted a hiring freeze after revealing plans to trim staff, as it battles mounting expenses and seeks to recover from a rare revenue dip.
Company Insights
Breakfast is Served: Kellogg Completes North American Cereal Company C-Suite
Kellogg has announced the completion of its North American cereal company’s management team, with five final appointments declared.
Company Insights
Wells Fargo To Pay $145 Million To Settle Retirement Plan Investigation
Wells Fargo & Co. agreed to pay roughly $145 million to settle a lawsuit over government allegations that the bank’s retirement plan overpaid for company stock, the U.S.
Company Insights
Warren Buffett bought Occidental stock – again. But his plans remain unclear.
Warren Buffett, one of the most successful investors in the world, purchased yet more shares of the oil and gas company Occidental Petroleum last month, raising questions from investors and analysts about his ultimate intention with Occidental.
Rent the Runway
Rent the Runway plans heavy job cuts as subscribers drop off
Rent the Runway (RENT) announced plans to lay off nearly a quarter of its employees, a sign that the luxury apparel rental company is adjusting painfully to an uncertain retail environment.