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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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Ferrari’s debut high-performance electric vehicle will be priced above $500,000

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Ferrari has unveiled details about its inaugural electric car, slated to be priced upwards of $500,000, as first reported by Reuters.

This announcement comes amidst growing global interest and competition in electric vehicles, with Ferrari aiming to blend its iconic design prowess with sustainable technology.

The Italian automaker, renowned for its high-performance sports cars, is expected to maintain its commitment to superior craftsmanship and engineering excellence in its electric offering.

Following the EV announcement, Ferrari also confirmed plans to establish a new manufacturing plant aimed at enhancing production flexibility and significantly reducing car development times.

Mike Costello from Cox Automotive joins to discuss the latest in EVs. #featured #trending

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Nvidia surpasses Microsoft as the most valuable company in the world

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Nvidia has emerged as the world’s most valuable company, surpassing Microsoft with a market value of over $3.3 trillion.

This shift comes on the heels of Nvidia’s consistent growth in the semiconductor sector and its strategic advancements in artificial intelligence and gaming technologies.

This milestone marks a significant validation of Nvidia’s aggressive expansion and innovation strategies under CEO Jensen Huang, who has steered the company towards dominance in high-performance computing.

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Finance expert empowers his social audience with accessible wealth tips

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The right strategy can change the game for your financial freedom. Meet the advisor making his tips accessible to all.

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by James Wrigley, Financial Advisor at First Financial. #wyld money #trending

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