> On April 22, Netflix’s board of directors authorized the repurchase of an additional $25 billion of common stock, without an expiration date, the company disclosed in an SEC filing Thursday. That’s designed to return cash to shareholders — and goose the price of Netflix shares, which took a major hit after the company clinched an $83 billion deal to buy Warner Bros.’ streaming and studios business.
joeyGibson on
Meanwhile I received another price increase email just this morning. 😒
Impressive_Box4144 on
If they can afford to do that then maybe they didn’t need to raise rates
3 Comments
> On April 22, Netflix’s board of directors authorized the repurchase of an additional $25 billion of common stock, without an expiration date, the company disclosed in an SEC filing Thursday. That’s designed to return cash to shareholders — and goose the price of Netflix shares, which took a major hit after the company clinched an $83 billion deal to buy Warner Bros.’ streaming and studios business.
Meanwhile I received another price increase email just this morning. 😒
If they can afford to do that then maybe they didn’t need to raise rates