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To fulfill its promise, Pinterest needs to transcend its core audience. Now the company is betting big that better tech and design can make that happen. The post Pinterest Reinvents Itself to Prove It’s Really Worth Billions appeared first on WIRED. #kiddgoth
Netflix stock got creamed on Tuesday, falling by more than 12% for the day.
That large of a drop certainly grabs eyeballs, but based on the company’s track record it may not be a big deal according to research from Bespoke Investment Group.
“Notably, NFLX has averaged a move of +/-13.8% on its earnings reaction days throughout its history as a public company, so today’s 11% decline is actually less volatile than normal,” said a report from Bespoke.
“Using our Interactive Earnings Report Database, we pulled all earnings reaction day drops of 5%+ for NFLX. Since 2002 when NFLX went public, the stock has experienced 5%+ drops following earnings 24 times!”
In fact, according to Bespoke, the company is the most violent mover of any S&P 500 company the day after earnings and this even the worst drop, Netflix crashed over 20% after its Q3 2014 earnings.
Now of course, it could be different this time. Subscriber growth came in as expected, but guidance was much lower than estimates. Plus, the increased competition from companies like Amazon and Hulu could make the landscape totally different.
On the other hand, the company is pivoting towards original content and its customers are the most loyal of any streaming service.
So the future of the company may seem unprecedented, but today’s stock drop certainly isn’t.
SEE ALSO: Netflix tanks after giving a terrible second-quarter forecast
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OURA – Ring-Sized Wellness Computer That Helps You Sleep And Perform Better - http://thegadgetflow.com/portfolio/oura-ring-sized-wellness-computer-that-helps-you-sleep-and-perform-better/
During the Apollo 17 mission, in 1972, the rear fender of the lunar rover broke and lunar dust soon became a problem. This is how astronauts Cernan and Schmitt repaired the fender, with clamps, duct tape and lunar maps. [3000 x 3000]
Source: http://spaceflight.nasa.gov/gallery/images/apollo/apollo17/hires/as17-137-20979.jpg
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