netflix

Netflix's U.S. stock fell 6.1% in pre-market trading after its fourth-quarter profit forecast fell short of expectations, and the company lowered its full-year advertising revenue forecast.

Netflix's third-quarter earnings exceeded Wall Street expectations, but it is expected that revenue growth will slow for the fourth consecutive quarter, with fourth-quarter revenue projected at $13.4 billion, below analyst forecasts. Netflix attributes the revenue shortfall to its advertising business, expecting that segment's revenue to be $300 million less than the company's original expectations.After the earnings report was released, Netflix's stock price fell by as much as 7%.

The complete trailer for Netflix's upcoming FTX-themed series "The Altruists" was released this week, and former FTX Chief Operating Officer Constance Wang criticized the trailer in a post on X, stating that watching it made her "physically want to vomit." She mentioned that she had served as COO since before FTX was named and viewed the company as her child. She was also the last person to leave the Bahamas after Sam Bankman-Fried was extradited and lost all her assets in FTX, thus she has no intention of defending those responsible for all of this.Wang pointed out that the media is eager to tell the story of FTX's collapse due to the team's partying in the Bahamas, but her workplace was completely different. The core team of the company had fewer than 200 people at its peak, while other exchanges of similar size had thousands of employees, many of whom worked 16 to 18 hours a day for over three years with almost no time to sleep. She also questioned the portrayal of Caroline Ellison in the trailer, stating that she had worked with Caroline and had never seen her as aggressive as depicted in the trailer; she described her as quiet and gentle, often lost in her own thoughts. Most of the team only learned about Caroline's relationship with Sam through reports after the bankruptcy."The Altruists" consists of eight episodes and will premiere on Netflix on November 19, featuring Anthony Boyle as Sam Bankman-Fried and Julia Garner as Caroline Ellison. FTX collapsed in November 2022 due to a liquidity crisis, exposing its close financial ties with Alameda Research and issues of customer fund misappropriation. Bankman-Fried was convicted of seven counts of fraud and conspiracy in November 2023 and sentenced to 25 years in prison; Ellison pleaded guilty and cooperated with prosecutors, receiving a two-year prison sentence in September 2024.

Former FTX Chief Operating Officer Constance Wang posted on X on Friday that many people have messaged her to discuss the full trailer of the FTX-themed series "The Altruists" released by Netflix this week, and after watching it, she felt "physically sick."Wang served as FTX's Chief Operating Officer since early 2019 and was co-CEO in the last few months before the exchange's collapse until the crash in November 2022. She stated that the companies depicted in the trailer bear little resemblance to her work experience, mentioning that she was one of the last people to leave the Bahamas after Sam Bankman-Fried was extradited, losing everything in the process and taking a long time to recover, with no intention of defending those responsible for the situation.She also noted that the media enjoys the narrative of "FTX blowing up because everyone was partying in the Bahamas," but her workplace was nothing like that. The series is an eight-episode limited series, set to premiere on Netflix on November 19, and the approximately two-minute trailer has sparked criticism of the portrayals of former FTX CEO Sam Bankman-Fried and former Alameda Research CEO Caroline Ellison.

Market news reports that Netflix (NFLX.O) is undergoing a restructuring, which is expected to affect about 5% of employees, with the announcement possibly as early as next week.

Netflix released a trailer for an eight-episode series that tells the story of the collapse of the cryptocurrency exchange FTX, focusing on former CEO Sam Bankman-Fried and his colleague and girlfriend, Caroline Ellison, head of FTX's sister company Alameda Research. The series will premiere on November 19, with Anthony Boyle portraying Bankman-Fried and Julia Garner portraying Ellison.The trailer emphasizes that "going all in on math is the optimal strategy," seemingly pointing to FTX's use of user funds for high-risk investments. Ellison, played by Garner, says in the trailer, "Lying isn't bad for a good cause," echoing Ellison's testimony during the 2023 trial, where she stated that Bankman-Fried believed the rules against lying and stealing did not necessarily apply to effective altruism, a philosophy that advocates doing good whenever possible, including through accumulating wealth to donate to charitable causes.After the collapse and bankruptcy of FTX, Bankman-Fried, Ellison, and related individuals were indicted in December 2022. Ellison pleaded guilty and cooperated with prosecutors to testify, while Bankman-Fried chose to stand trial, was convicted on seven counts of fraud, and sentenced to 25 years in prison. As of October, he remains incarcerated in federal prison and has requested a pardon from President Trump and for the Supreme Court to overturn his conviction; Ellison was released in January.

Coinbase's Ethereum Layer 2 network Base announced on X that 26 new tokenized stocks have been launched on Base, available for trading around the clock and can be used in combination within Base's DeFi ecosystem.

According to Gate market data, U.S. stocks opened with the Dow Jones down 0.1%, the S&P 500 down 0.1%, and the Nasdaq up 0.3%. Star technology stocks showed mixed results, with Google up 2.5%, Intel up 1.3%, SK Hynix up 0.4%, and Netflix down 6%. Corning rose 3.2%, announcing a price adjustment of 15% or more for display glass substrate products priced in yen. Sports brand ANTA rose 3%, having signed French football superstar Kylian Mbappé from Nike.

Netflix announced that the series "The Altruists," inspired by the rise and fall of FTX founder SBF and former Alameda Research CEO Caroline Ellison, will premiere on November 19, and the first stills have been released.The series consists of 8 episodes, with Anthony Boyle portraying SBF and Julia Garner playing Caroline Ellison. In the plot summary, Netflix describes the story of two young idealists attempting to rapidly reshape the global financial system, only to be accused of stealing $8 billion and ultimately falling from the peak of financial power."The Altruists" is created by Graham Moore, inspired by related articles from New York Magazine reporters Kevin T. Dugan and Jen Wieczner. Barack Obama and Michelle Obama also serve as executive producers for the series.

According to Gate market data, Netflix fell 9.2% in pre-market trading, as the company expects third-quarter revenue and profit to be below market expectations.

According to Gate market data, Netflix (NFLX.O) stock price fell by 5.2%, reaching a new low since October 2024.

According to Gate market data, the three major U.S. stock indices opened lower, with the Dow Jones down 0.3%, the S&P 500 down 0.3%, and the Nasdaq down 0.5%. Tesla (TSLA.O) fell 3.1%, as the company raised its 2026 capital expenditure forecast to over $25 billion, exceeding market expectations. Netflix (NFLX.O) rose 0.2%, as the company announced plans to buy back $25 billion in stock. IBM (IBM.N) fell 8%, with a slowdown in revenue growth in the first quarter, Microsoft (MSFT.O) fell 2.8%, and Adobe (ADBE.O) fell 4.7%.

According to Gate market data, at the opening of the US stock market, the Dow Jones fell by 0.1%, the S&P 500 index rose by 0.09%, and the Nasdaq rose by 0.2%. Netflix (NFLX.O) rose by 2.7%, as Goldman Sachs upgraded its rating from neutral to buy. Seagate Technology (STX.O) rose by 6.3%, as Morgan Stanley added the stock to its preferred list.

According to Gate's market data, U.S. stocks opened with the Dow Jones Industrial Average down 0.75%, the S&P 500 down 0.82%, and the Nasdaq Composite down 1.2%. Netflix (NFLX.O) opened up 10.83% after the company announced its withdrawal from the acquisition bid for Warner Bros. Discovery (WBD.O). Amazon (AMZN.O) fell 0.44% and announced a partnership with OpenAI, investing $50 billion in OpenAI's new round of $110 billion investment.

According to Jinshi News, Netflix's stock surged nearly 8% after hours, indicating strong market performance.

According to Jinshi reports, U.S. stocks opened with the Dow Jones Industrial Average up 0.12%, the S&P 500 up 0.2%, and the Nasdaq Composite up 0.25%. Netflix (NFLX.O) fell over 5% due to the company's first-quarter performance guidance falling short of expectations and pausing its stock buyback. Johnson & Johnson (JNJ.N) dropped 2.9%, as the company's performance outlook was below market expectations.