Categories: Uncategorized

The Ups and Downs of Netflix, Groupon, Facebook and Yahoo

The past week was a good one for Netflix, and the upcoming one could be even better. Shares of the company spiked nearly 20 percent over the week of July Fourth, driven up to $81.89 by CEO Reed Hastings’s announcement that Netflix subscribers streamed one billion hours of video in June.

An impressive metric, and one that, according to BTIG analyst Richard Greenfield, makes Netflix the most watched “channel” in either broadcast or cable television in the U.S. Add to that a bullish note from Citi Internet analyst Mark Mahaney, who reiterated his “buy” rating on the Netflix, as well as its $130 price target, and the stock is well-poised for further gains this week.

If Netflix investors have a good reason to get out of bed on Monday, Groupon investors have an equally good reason for staying in it, heads buried beneath pillows. The company has been taking a hard hit lately, with investors pushing its share price deeper and deeper into the mud. On Friday, Groupon closed at $8.44, a new all-time low for the company. That was down more than 4 percent for the day, and a gruesome 58 percent below its November IPO price.

With investor sentiment in Groupon souring, following news that chairman Eric Lefkofsky is turning more of his attention to his venture capital firm Lightbank, and analysts lowering their target price on the stock, the company may well chart another new low before the week is out.

Also likely to be top of mind for investors this week: Facebook and Yahoo. Shares in both companies stayed relatively flat on Friday, after they said they’ve settled their patent dispute and expanded their ongoing partnership. Facebook shares closed up 0.83 percent at $31.73 on Friday, while Yahoo slipped .44 percent to close at $15.78.

Credit: AllThingsD

Prateek Panda

Prateek is the Founder of TheTechPanda. He's passionate about technology startups and entrepreneurship and enjoys speaking to new founders every day. Prateek has also been consistently regarded as one of the top marketing experts in the region.

Recent Posts

Disrupting Fintech: How product studios are transforming financial services

In the rapidly evolving financial technology landscape, innovative product studios are emerging as powerful catalysts…

2 days ago

Harnessing the power of AI: Preparing today’s workforce for tomorrow’s challenges

In an era defined by rapid technological advancement, Artificial Intelligence (AI) stands as a transformative…

2 days ago

Indian esports makes history at BRICS Esports Championship in Moscow

In a historic moment for Indian esports, Wasfi “YoshiKiller” Bilal secured a silver medal at…

3 days ago

Geek Appeal: New gadgets & apps on the block

The Tech Panda takes a look at recently launched gadgets & apps in the market.…

3 days ago

Ecosystem harkat: India’s Biotech & space tech, early stage tech startups & women entrepreneurs in blockchain

The Tech Panda takes a look at what’s buzzing in the startup ecosystem. The startup…

3 days ago

Harris vs. Trump: Forecasting Bitcoin’s Future in a Post-Election Economy

With just days until the outcome of the U.S. presidential race, Bitcoin enthusiasts across the…

4 days ago