Investors are concerned about Netflix

Netflix stock dropped as much as 11% after it announced its Q2 earnings report

Hey there,

Netflix stock dropped as much as 11% after it announced its Q2 earnings report. Netflix added 10 million new subscribers but admitted to shareholders that the gains in the first half of the year were likely pulled forward from later in the year, which means fewer new subscribers in the rest of 2020. They also announced that Chief Content Officer, Ted Sarandos,  will become a co-CEO. Click here to read more 

Captain, the ship is sinking

Norwegian Cruise Line Holdings Ltd is set to offer $250 million worth of shares in a syndicated deal. The company has been badly hit by the pandemic. Shares are down 68% in the year to date.  Click here to read more 

British Airways plans early retirement of Boeing 747 jumbo jets

British Airways will retire its entire fleet of the Boeing (NYSE: BA) 747 jumbo jets. The airline explained that the early retirement of the aircraft was due to the downturn in travel caused by the pandemic.  Click here to read more.  

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