The Prank Wars continue!
21.01.2022 - 20:15 / deadline.com
Netflix stock, which went into today’s Nasdaq session already down 16% in 2022 to date, is getting blitzed in mid-day trading.
Midway through the trading day, the stock had managed to crawl back above $400 from a session low of $380 but was still down a remarkable 20%. Trading volume was more than 10 times normal levels.
The rout followed a fourth-quarter earnings report that disappointed many Wall Street analysts and investors and triggered a larger debate about the outlook for streaming. While the company missed its fourth-quarter target for subscribers by just 200,000 (8.3 million additions vs. the expected 8.5 million), its weak guidance for the current quarter set off alarms. During their quarterly earnings interview, top executives could not identify any one cause for the slowdown in subscriber growth, instead reiterating confidence in the company’s overall trajectory. “For now, we are just staying calm,” Co-CEO Reed Hastings said.
Analysts were anything but calm. Downgrades and downbeat reports from them rained down, and many who opted not to lower their ratings on Netflix did trim their price targets, acknowledging the lackluster numbers. The most notorious bear on the stock, Michael Pachter of Wedbush Securities, issued a note to clients alluding to his long-term and frequently misplaced pessimism about Netflix. In the note, titled “Even a Broken Clock is Right Every Ten Years,” he described Thursday’s earnings report and management commentary as a reckoning. “We believe Netflix investors are just beginning to appreciate Netflix’s future status as a low growth, extremely profitable enterprise,” he wrote. “When they fully appreciate this, we expect Netflix’s share price to decline further.”
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The Prank Wars continue!
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last year, when a record 76 of the 235 individual nominees (32.3%) were women, and also a drop from 2020, when 65 of 209 individual nominees were women (31.1%).This year’s 60 female nominees (several, such as writer-director-producer Jane Campion, were nominated in more than one category) do represent growth over the last decade, however. In 2019, 62 of 225 nominees (27.5%) were women, as were 57 of 213 individual nominees in 2018 (26.8%) and 48 of 211 in 2017 (22.7%).In TheWrap’s analysis, individuals nominated in multiple categories were counted for each of their nominations.
Octopath Traveler: Champions Of The Continent, the mobile and Japan only prequel game to Octopath Traveler, is getting an English release later this year.The official Japanese Octopath Traveler Twitter account has announced that Octopath Traveler: Champions Of The Continent will be receiving an English version sometime in 2022, for America and Europe. The Twitter account also noted that they will “have more to share in mid-February,” and recommends keeping an eye on the official Facebook page to stay up to date.OCTOPATH TRAVELER: Champions of the Continent (English ver.) will launch in North America and Europe in 2022!We'll have more to share in mid-February, so keep an eye on the official Facebook page for the latest news!#octopathcotc #オクトラ大陸の覇者https://t.co/S0OlifhWz6 pic.twitter.com/2wPwNMJbhT— オクトパストラベラー 大陸の覇者【公式】 (@OCTOPATH_SP) February 8, 2022Octopath Traveler: Champions Of The Continent is a prequel game to 2018’s Octopath Traveler released in 2020, that up until now has only been available on mobile devices in Japan.
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Glamour’s or consult the other zodiac signs’ . Meghan Rose is a Los Angeles–based spiritual advisor, intuitive tarot card reader, and author whose work bridges the magical and the material to create real change. Rose acts as a guide for her clients to help them navigate relationships, career, and everything in between. Learn more at and follow her on and .The High Priestess: My dear lions, the month of February is going to be one that brings insight, deeper self-awareness, and a truly monumental a-ha moment for you.
Drake got a lesson in language from his 4-year-old son Adonis. In a video posted on Saturday, the musician gave his followers a look at the father-son bonding moment. “I been around the world thrice times I mean what I say…,” the 35-year-old captioned the video.
Tristan Thompson is coming to terms with the fallout from his paternity scandal. The NBA player, 30, realizes he had made a mess of his relationship with Khloe Kardashian, 37, and her family after it was revealed he fathered a baby with another woman. “Tristan knows that Khloe is done with him for now. He feels that he’s disappointed her and her family, and he’s not sure if there’s anything left to be done at this point,” a source EXCLUSIVELY told HollywoodLife. “As much as Tristan would love for Khloe to warm up to him, he has accepted that he made his bed and now he has to lie in it.”
Todd Spangler NY Digital EditorNetflix shares — after dropping 30% over the past week — rose more than 4% in after-hours trading Wednesday after Bill Ackman, head of the Pershing Square Capital Management hedge fund, disclosed that his firm had bought more than $1 billion worth of the streamer’s stock.Starting last Friday (Jan. 21) and over the next several days, Pershing acquired more than 3.1 million shares of Netflix, “making us a top-20 shareholder in the company,” Ackman wrote in a letter to the hedge fund’s investors.Click here to sign up for Variety’s free Strictly Business newsletter covering earnings, financial news, and more.The hedge fund scooped up the stake in Netflix after the stock took a nosedive following its fourth-quarter 2021 earnings report, in which it forecast a much smaller-than-expected subscriber gain in the first quarter of 2022 — fueling investor fears that the category leader was losing steam.
Netflix rose handily in after-hours trading Wednesday following news that Bill Ackman’s Pershing Square Capital has acquired more than 3.1 million shares to become a top-20 stockholder.
Jennifer Maas TV Business WriterNetflix stock fell more than 10% Monday morning, continuing the steep downward trend it’s been experiencing since the streaming giant reported last week it had ended 2021 with slightly lower-than-expected subscriber gains and anticipated a weak start to Q1.At approximately 11:50 a.m. ET, Netflix stock was trading at $353.31 per share, down from the $397.50 per share the stock closed at Friday.Last Thursday, Netflix reported a net gain of 8.28 million subscribers for Q4, again driven by markets outside North America, to reach 221.8 million total worldwide.
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Netflix also projected an increase of 2.5 million subscribers during the first three months of this year, well below analysts' expectations for a gain of 4 million, according to FactSet Research.The disappointing news caused Netflix's stock price to plunge by more than 19% in extended trading after the numbers came out, deepening a steep decline during the past two months.It capped a challenging year for Netflix after it reveled in eye-popping gains during the pandemic lockdowns of 2020 that drove homebound people to its service.Netflix picked up 18.2 million worldwide subscribers during 2021, its slowest pace of annual growth in five years. It came after Netflix gained more than 36 million subscribers during 2020.