Netflix Considers Moving into Gaming and Ford Looks to Impress with Car Show 🚗

by 19 Jul, 2021

Netflix Considers Moving into Gaming and Ford Looks to Impress with Car Show

Netflix

Netflix, Inc. is an American over-the-top content platform and production company headquartered in Los Gatos, California. Netflix was founded in 1997 by Reed Hastings and Marc Randolph in Scotts Valley, California.

Netflix stock closed −12.64 (2.33%) yesterday. Overall, it hasn’t been much better: In 2020 Netflix stock soared 67% but this year it is down 1%. In contrast, The S&P 500 has rallied 16%.

However, some long-term good news could be on its way as Netflix has made plans to enter the video game industry and without any additional cost (as of now) to current subscribers to the platform. Some banks seem to think it’s good, for example, Citi called the threat of Netflix moving into video games an existential threat for large publishers like Electronic Arts, Take-Two Interactive, Activision Blizzard, and others.

Ford

Ford Motor Company, commonly known as Ford, is an American multinational automaker that has its main headquarters in Dearborn, Michigan, a suburb of Detroit. It was founded by Henry Ford and incorporated on June 16, 1903.

 Ford stock closed −0.40 (2.86%) yesterday. This has mainly come because of Ford having to recall over 800,000 SUVs and pickup trucks – mainly because their F-350 Super Duty vehicles “may experience rear driveline disconnection”. This means the car could cause vibrate or shake while driving at highway speeds or even shudder when accelerating.

Ford has tried to improve their image recently and even show off some improvements through a car show. The show called the McCormick Place Convention Center downtown took place in Chicago and it was where Ford looked to show off their new electric Ford F-150 Lightning and Mach-E.

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

 

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