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Netflix shares plunge after weak guidance and news that cofounder Reed Hastings will leave the board
Netflix’s post-Warner Bros. honeymoon is over. Loading audio narration… Wall Street wasn’t pleased with the streaming giant’s first-quarter earnings report, which was also its first since it backed out of its bid for WBD’s streaming and studio assets.Netflix’s stock dropped by over 9% in after-hours trading. Netflix beat both revenue…
CBS News is hiring a former newsroom leader at ABC News who abruptly left last year, Business Insider has learned. Loading audio narration… Joshua Hoyos, formerly the New York bureau chief at ABC News, is joining Bari Weiss’ broadcast network as the editorial director of CBS News 24/7, the news…
CBS News’ leadership just told staffers why the broadcast network is enacting a new round of job cuts.”Today we are reducing the size of our workforce,” top editor Bari Weiss and network president Tom Cibrowski said in a memo to CBS News staff on Friday morning, which was obtained by Business Insider.”It’s…
Palantir CEO Alex Karp says AI will upend society and that even people in tech underestimate “how disruptive these technologies are.””If you are going to disrupt the economic and, therefore, political power significantly of one party’s base, highly educated, often female voters who vote mostly Democrat, and military and working…
Oil’s sharp rally amid the Iran war has injected fresh volatility into semiconductor stocks and raised new questions about the cost and pace of the AI boom.Shares of TSMC, Samsung Electronics, and SK Hynix — key AI chip suppliers — have swung sharply since the conflict began, at one point…










