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Entertainment

Netflix Inc. stock rises Thursday, outperforms market

Shares of Netflix Inc. NFLX, +0.08% inched 0.08% higher to $237.05 Thursday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX, -0.84% falling 0.84% to 3,757.99 and Dow Jones Industrial Average DJIA, -0.35% falling 0.35% to 30,076.68. The stock’s rise snapped a two-day losing […]

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Life Style

Boston Celtics coach Ime Udoka faces disciplinary action over relationship with fellow member of organization

The Boston Celtics are planning to discipline coach Ime Udoka, likely with a suspension, because of an improper relationship with a member of the organization, two people with knowledge of the matter told the Associated Press on Thursday. The people spoke to the AP on condition of anonymity because the reigning Eastern Conference champion has […]

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US

Metaverse funds top $2bn as Fidelity, LGIM, Franklin chase ‘theme du jour’

Funds investing in the metaverse are now managing more than $2bn globally, as a flurry of launches from some of Europe’s biggest asset managers look to take advantage of a hot investment trend. Data from Morningstar, provided to Financial News, shows a sharp increase in assets managed by funds focused on immersive virtual worlds, as well as in the […]

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Science

Focus on Luxembourg: Private equity flocks to Grand Duchy’s business-friendly environment

The past few years have seen massive sums pour into private equity in Luxembourg, where the assets under management of all private equity and venture capital funds has grown by an average of around 20% annually to €285bn. While relatively small compared with the €5.37tn total net assets of all funds in Luxembourg, private equity […]

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US

Is metaverse pioneer Roblox ready for fierce competition? This analyst doesn’t think so

Roblox Inc. is recognized as being one of the leaders working to create the so-called “metaverse,” but one analyst thinks even the social-gaming platform will get overwhelmed by the competition. “While we think the development of the metaverse represents an enormously important technology, we also think realization of the metaverse could be at least 10 years […]

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US

‘Metaverse,’ ‘pumpkin spice’ and 368 more words join Merriam-Webster dictionary

Merriam-Webster has added 370 new words and definitions to its dictionary, and for better or worse, they reflect our current times, with now-everyday terms related to the pandemic, uneasy economic times and rapidly evolving technology. While some newly recognized words are hardly new — popular chat abbreviations like “FWIW” and “ICYMI” — “for what it’s […]

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Technology

Netflix looks to cut costs, from cloud computing to corporate swag

As Netflix Inc. NFLX, +4.84% looks to save money in the face of slowing subscriber growth, the company is scouring its operations for opportunities to cut costs. From paring back its real-estate footprint, to limiting corporate swag, to controlling cloud-computing costs and hiring more junior staff, the streaming giant is taking a range of steps to reduce spending, […]

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Technology

Tech Down as Cloud Computing Concerns Warn on Demand — Tech Roundup

Shares of technology companies fell after slowdown warnings from a range of companies. Shares of subscription-based cloud software companies, a niche that was highly lucrative during the height of the pandemic, plunged. Shares of Okta, MongoDB and Veeva Systems fell sharply, with a more than one-third loss for Okta. All three warned that sales deals […]

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Technology

Apple already decimated Meta’s adtech empire. Now, it’s honing in on its advertisers, too.

In terms of SIlicon Valley feuds, you’d be hard pressed to find one that’s spicier than the years-long battle between Meta and Apple. Meta Platforms CEO Mark Zuckerberg started steering his company towards virtual reality tech, and now Apple CEO Tim Cook has made it clear he’s gunning for the same. Meta’s Facebook recently started […]

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Entertainment

‘This is really shady and low’: Netflix’s John McAfee documentary attacked by those who appeared in it

In the chilling climax of “Running With the Devil: The Wild World of John McAfee,” a documentary that has become one of the most popular movies on Netflix since its premiere last week, a former girlfriend of the tech magnate is quoted as saying she received a call from him after his death. The quote […]