The streaming giant fell short on viewership for its new ad-supported platform. Among the biggest losers in last week’s selloff were Netflix and other streaming stocks. NFLX shares fell 9% on December 15 following reports the streaming giant is falling short on viewership guarantees it made to advertisers for its new ad-supported streaming service. SharesRead More
Tag: stocks
US Stocks Decline as Fear of Fed Rate Hike Grows
The US stock market suffered a decline, as investors grew increasingly concerned about the Federal Reserve potentially raising interest rates in response to the hot job market. The employment report released on Friday showed that the US added 379,000 jobs in February, far surpassing economists’ expectations of 180,000. This strong job growth has fueled concernsRead More