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.
Continue readingParamount 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.
Continue readingRupert 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
Continue readingRising 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
Continue readingBuzzFeed to cut 12% of its workforce
BuzzFeed on Tuesday announced plans to cut its workforce by nearly 12%, or around 180 staffers.
Continue readingFanatics 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.
Continue readingNetflix 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.
Continue readingDavid 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.
Continue readingLawmakers 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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