Netflix shares jumped 20.6 per cent this past week after a July 3rd Facebook post by company founder and CEO Reed Hastings congratulating chief content officer Ted Sarandos and his team with helping Netflix exceed 1 billion hours for the first time ever in June. The stock had closed at $67.85 on July 2nd and […]
Channel 4 will launch a new TV channel called 4Seven next month screening repeats of the programmes viewers and critics have most talked about from the previous seven days, prefaced by a selection of their comments, good and bad. The channel, which takes its place alongside E4, More4 and Film4, will keep open the weekday […]
So, a few days in and Facebook shares have fallen almost 20 per cent from their bloated debut. It now emerges that Morgan Stanley, lead book runner on the IPO, issued a downgraded forecast following Facebook’s own revised filing noting the shift to mobile use would slow down its revenue growth. However, accusations are flying […]
None of the scepticism surrounding the Nasdaq IPO of Facebook, including mine, has diluted the market’s enthusiasm and now the price range has been lifted – valuing the business at about $105 billion – and the amount of stock for sale has been increased 25 per cent, so the company will raise about $17 billion. […]