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Netflix is cutting about 1,000 jobs, roughly 6% of its workforce, in its deepest round of layoffs since 2022 as YouTube and TikTok compete harder for viewers' time. Key Points: Netflix is eliminating about 1,000 jobs, mostly in product, technology, legal and human resources. Co-CEOs Ted Sarandos and

The Dow Jones Industrial Average drew investors attention on Monday, as markets tracked a volatile stretch for equities driven by an AI stock rout and rising geopolitical tensions. Bitcoin (BTC) drew renewed attention as a potential hedge, with spot ETF inflows holding firm even as traditional index

Netflix paid $587 million in cash for InterPositive, the AI filmmaking startup co-founded by Ben Affleck, according to a newly released regulatory filing. Key Points: Netflix completed the acquisition in March but disclosed the $587 million price in its July filing. InterPositive develops AI tools f

Netflix forecast third-quarter revenue below Wall Street estimates, sending its shares down nearly 9% after hours despite stronger quarterly earnings. Key Points: Netflix projected $12.86 billion in third-quarter revenue, below the $13 billion analyst estimate. Shares fell to $67.78 in after-hours t

Netflix's dystopian anthology series Black Mirror will launch its official MIRROR cryptocurrency token on September 8, marking a significant milestone as one of the first major entertainment franchises to enter the Web3 space. The token launch represents a broader shift toward blockchain adoption am