Latest Netflix Inc News

Netflix co-founder helps direct startups amid tech turmoil

Jun. 27, 2022 08:12 AM EDT

SANTA CRUZ, Calif. (AP) — Longtime Netflix CEO Reed Hastings is renowned for building a video streaming service that has transformed entertainment, but it probably wouldn't have happened if not for his friendship with serial entrepreneur Marc Randolph. While brainstorming with...

Editorial Roundup: Pennsylvania

Jun. 08, 2022 15:15 PM EDT

Pittsburgh Post-Gazette. June 7, 2022. Editorial: Pennsylvania should adopt federal broadband definition According to the state of Pennsylvania, an internet connection of 1.5 megabits per second qualifies as “broadband.” That 30-year-old standard is barely fast...

Live updates | Russia returns 210 dead Mariupol defenders

Jun. 07, 2022 21:28 PM EDT

KYIV, Ukraine — Ukraine’s military intelligence agency says Russia has so far turned over the bodies of 210 Ukrainian fighters killed in the battle for Mariupol. It says most of them were among the last holdouts in the Azovstal steelworks. The agency did not specify Tuesday how...

Live updates | Kyiv theater reopens with soldout performance

Jun. 06, 2022 23:23 PM EDT

KYIV, Ukraine — A theater in Ukraine’s capital has reopened for the first time since Russian forces invaded the country, and tickets sold out for Sunday's performance. Theater on Podil was the latest cultural institution in Kyiv to resume operations. Movie theaters and the...

California parents could soon sue for social media addiction

May. 23, 2022 21:51 PM EDT

SACRAMENTO, Calif. (AP) — California could soon hold social media companies responsible for harming children who have become addicted to their products, permitting parents to sue platforms like Instagram and TikTok for up to $25,000 per violation under a bill that passed the state Assembly on...

Google parent suffers 1Q growth slowdown, profit decline

Apr. 26, 2022 18:12 PM EDT

SAN RAMON, Calif. (AP) — Google’s corporate parent on Tuesday posted its slowest quarterly revenue growth since 2020, the latest sign that the huge gains enjoyed by technology companies during the pandemic are fading into the rear-view mirror. For most companies, the numbers...

As shares plunge, Netflix takes aim at password sharing, ads

Apr. 21, 2022 15:02 PM EDT

SAN FRANCISCO (AP) — An unexpected drop in subscribers sent Netflix shares into freefall Wednesday, forcing the company to consider experimenting with ads and -- hold onto your remote -- cracking down on millions of freeloaders who use passwords shared by friends or family. The...

IBM, Stride rise; Netflix, Baker Hughes fall

Apr. 20, 2022 16:24 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday: Netflix Inc., down $122.42 to $226.19. The streaming video giant lost subscribers for the first time in more than a decade and it expects those losses to accelerate this quarter....

Netflix shares drop 25% after service loses 200K subscribers

Apr. 19, 2022 22:10 PM EDT

SAN FRANCISCO (AP) — Netflix suffered its first subscriber loss in more than a decade, causing its shares to plunge 25% in extended trading amid concerns that the pioneering streaming service may have already seen its best days. The company’s customer base fell by 200,000...

Cities ask Netflix, Hulu, stream services to pay cable fees

Apr. 13, 2022 13:52 PM EDT

COLUMBUS, Ohio (AP) — Should Netflix and other streaming services have to pay local governments the same fees levied on cable operators? That was the question before the Ohio Supreme Court during a Wednesday hearing, as the court debates whether streaming services such as Netflix...