Shares of the video streaming giant are trading sharply lower after hours on Thursday amid signs that the company’s Covid-19-fueled growth is coming to an end. In the June quarter of Thursday, Netflix added 10.1 million new net subscribers, above the company’s forecast of 7.5 million, but fell short of …
Read More »The Republican senator demands answers after the attack: “Did this attack threaten the security of the President’s own Twitter account?”
“ ‘A successful attack on your system’s servers represents a threat to the privacy and data security of all its users. … Did this attack threaten the security of the President’s own Twitter account? “ – Republican Senator Josh Hawley of Missouri The above lines came Wednesday from Republican Sen. …
Read More »The new Virgin Galactic CEO made a Star Wars attraction at Disney. Wall Street is stumped.
Text size George Whitesides, left, will become Virgin Galactic’s chief space officer. Michael Colglazier takes over as CEO. Courtesy of Virgin Galactic. Shares of Virgin Galactic, a pioneer of space tourism, shot up after the company named a new CEO. He comes from Disney and the former CEO stays. The …
Read More »American Airlines and JetBlue are teaming up. Is it a fusion in the works?
Text size The two airlines plan to code share flights and integrate some of their networks. Bloomberg (2) JetBlue Airways and American Airlines Group are forming an alliance in which they plan to share flight codes and integrate some of their networks. It could be a sign of industry consolidation …
Read More »Wall Street is optimistic about Dell’s spin-off of its VMware stake
Text size Denis Doyle / Bloomberg Analysts at JP Morgan and Morgan Stanley are optimistic about the announcement by Dell Technologies that it is considering a spin-off of its valuable 81% stake in VMware., It is now worth more than all of Dell’s market value. Dell shares (ticker DELL) rose …
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