Netflix reported $7.19 a share in earnings, ahead of Wall Street’s consensus estimate of $7.08, according to Factset, and up from $4.88 last year. Revenue for the quarter reached $11.08 billion, just above expectations of $11.06 billion, and up 16% on the year.
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Barron’s (www.barrons.com) is the world's premier investing publication, renowned for its market-moving stories. Barron’s provides concise analysis and advice on how to invest in stocks, bonds, ETFs, options, emerging markets, commodities, and more each week in Barron’s magazine and daily on Barrons.com. Published by Dow Jones & Company since 1921, it reaches an influential audience of senior corporate decision makers, institutional investors, individual investors and financial professionals. Subscribe now at www.barrons.com/subscribe
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SCOOP: DraftKings accidentally sent me its plans for a Spanish feature on its sports betting app. Then things got much more interesting. The internal email chain I was inadvertently copied on was the draft of a statement sent by the company's comms team to its legal team for approval. The statement initially said that DraftKings is rolling out the Spanish feature “to support a more accessible and inclusive experience,” adding that it will go through an initial beta test among a small group of users “before expanding more broadly to meet the needs of our diverse customer base.” Then the Chief Legal Officer sent back what he called a "slightly revised" version—deleting the words “diverse” and “inclusive” and making no other changes. Just last year, DraftKings highlighted in a proxy filing that it had been awarded a “Culture Excellence Award for Diversity Equity and Inclusion (DE&I) Practices” for the third year in a row from TopWorkplaces.com. Now its legal department is cutting references to diversity in its public statements. Barron's has reported on companies scrubbing mentions of DEI from corporate filings, but it's rare to see those choices being made in real time. A DraftKings spokesperson said they were “disappointed that Barron’s is reporting on a confidential internal email exchange on which a reporter was mistakenly copied, and then speculating on why certain edits were made to a statement." Read the story here: https://lnkd.in/drjV2-X9