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$54BN wiped from Netflix – how do the other streamers stack up?

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Shares in Netflix have slumped dramatically, wiping more than $50 billion off the firm’s market value

The streaming giant revealed a sharp drop in subscribers and warned millions more are set to call it quits.

Netflix faces intense competition from streaming rivals, but was also hit after it raised prices and leaving russia.

From all this, It’s believed a major chunk up-to $54 billion has stripped from Netflix’s market value.

It also plans to crack down on password sharing, estimating that more than 100 million non-paying households watch the service this way.

Netflix’s shares plunged 35 per cent on Wednesday, and fell a further in opening trade on Thursday.

Even though Netflix reported its first subscriber loss in more than a decade… it’s not the case for all.

HBO and HBO Max grew to almost 77 million subscribers at the end of the first quarter this year.

Disney investors aren’t having a year as bad as Netflix shareholders, but both companies have been plagued by subscriber concerns following the surge during stay-at-home orders.

Not quite as bad as Netflix but shares of Disney have dropped nearly 15 per cent so far this year.

That makes Disney one of the worst performers in the Dow.

Despite subscriber woes, Netflix remains the world’s leading streaming service.

Netflix isn’t short of fans, with millions across the world regularly streaming their favourite Netflix originals every day

One fan was so inspired by the famous Netflix intro, he recreated it.

Stop-Motion Animator Kevin Parry made the Netflix intro with just 30 dollars worth of yarn.

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Business

Disney’s Drama

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What’s going on at Disney and why is the world’s largest entertainment company in trouble?

 
Dreams are a wish your heart makes, or at Disney, dreams are having a tough time of coming true.

After decades of turning children’s dreams into fantasies, the mouse-house is facing a crisis of leadership.

This Ticker Original looks at how the Walt Disney Company got here, and what happens next. #disney #bob iger

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Business

The Tech Market Crash

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Since the Global Financial Crisis, tech companies have been riding high and making billions, so what happened?

 
It’s been a shocking year for tech companies. Riding high off the back of the pandemic, reality suddenly hit.

Across Silicon Valley, and spreading to Wall Street, the once darlings of the Nasdaq were suddenly hit hard.

So what happened, and where to from here?

This Ticker Original investigates. #snapchat #apple #tech stocks #nasdaq

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Business

Shell delivers record 2022 profit

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Petrol company Shell has delivered a record $40 billion profit in 2022

It comes on the back of surging energy prices, and the war in Ukraine.

The company also reported a fourth-quarter profit of almost $10 billion, beating estimates.

The $40 billon in annual profit soared past the previous record of $31 billion in 2008.

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