Walt Disney Co. revealed big strides at narrowing losses in its streaming business in its earnings report Wednesday, and touted another lever that will help in Chief Executive Bob Iger’s ongoing efforts to turn the media giant’s fortunes around — cracking down on password sharing.
The toy maker’s cost cuts would follow layoffs by rival Hasbro amid a slowdown in demand for toys.
Walt Disney Co.’s stock popped 7% higher in after-hours trading Wednesday on stronger-than-expected quarterly earnings, deeper cuts, and a massive reduction in its streaming-business losses.
Shares of MicroCloud Hologram Inc. rocketed toward a record gain on record volume Wednesday, just days after a reverse stock split took effect that helped lift the price back above the key $1 level.
Daniel Loeb is playing down his role and that of his hedge fund in helping Adam Neumann buy back WeWork just over four years after his ouster from the now-bankrupt office-sharing company.
“I think our mom simply forgot to add my sister as a co-owner. Her intention has always been for the four of us to equally inherit her assets.”
“My upbringing gave me a mindset to save rather than spend.”
Goal is to free up more cash to fuel growth in ‘core’ areas, Warner says.
“I received an insurance-claim check for $22,000. Other than verifying the availability of the funds, what’s happening that requires five days?”
Shares of Confluent rose late Wednesday after the data-streaming company forecast more than 20% revenue growth in 2024 and its first breakeven year based on certain metrics.
