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Category Archives: Uncategorized

GameStop reports decline in revenue and sharp decrease in cash

GameStop posted a decline in revenue, but its net loss narrowed from a year ago.

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Carvana shares tank as bankruptcy concerns grow for used car retailer

Shares of Carvana plummeted by more than 40% after its largest creditors reportedly signed a deal binding them to act together in negotiations.

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Paramount shares fall as CEO lowers fourth-quarter ad revenue forecast

Paramount CEO Robert Bakish warned that the company’s advertising in the fourth quarter will come in “a bit below” numbers seen in the third quarter.

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Rupert Murdoch will be deposed in Dominion’s $1.6 billion lawsuit against Fox

Fox Chairman Rupert Murdoch will face questioning next week as part of Dominion Voting’s lawsuit

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Rising thefts at Walmart could lead to price jumps, store closures, CEO says

Walmart stores are grappling with a jump in shoplifting that could lead to price spikes and closures, Walmart CEO Doug McMillon said Tuesday

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BuzzFeed to cut 12% of its workforce

BuzzFeed on Tuesday announced plans to cut its workforce by nearly 12%, or around 180 staffers.

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Fanatics valuation hits $31 billion after $700 million investment round

Michael Rubin’s sports platform company Fanatics has raised $700 million in capital, raising its value to $31 billion.

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Netflix co-CEO Sarandos says streamer likely to offer multiple ad-supported tiers

Netflix is likely to offer multiple ad-supported tiers, co-CEO Ted Sarandos said at a conference Tuesday.

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David Zaslav’s top priority at Warner Bros. Discovery: Get the cash flowing again

Warner Bros. Discovery CEO David Zaslav is prioritizing cash generation over everything else.

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Lawmakers tell Live Nation CEO they want answers on the Taylor Swift Ticketmaster fiasco

A House subcommittee asked Live Nation CEO Michael Rapino to provide a briefing on Ticketmaster’s ticketing process for Taylor Swift’s Eras tour.

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