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Bloomberg Tech

Netflix Shares Plunge and Uber Drops the Mask

Bloomberg Tech

Bloomberg

News, Business News, Tech News

4.469 Ratings

🗓️ 19 April 2022

⏱️ 43 minutes

🧾️ Download transcript

Summary

Bloomberg's Emily Chang breaks down Netflix's latest quarterly results sending their shares plunging after hours, and Uber dropping its mask rule for drivers and riders alike. Plus, a look at Bitcoin and whether it can be a hedge against inflation.

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Transcript

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0:00.0

Join global business leaders and investors at the Bloomberg Sustainable Business Summit, returning to Singapore on July 31st.

0:09.0

Take part in solutions driven discussions on how to drive business value and unlock opportunity

0:14.8

while remaining nimble in times of change and greater ESG accountability.

0:19.5

Learn more at Bloomberg Live.com slash sustainablebiz Singapore. That's Bloomberg Live.com slash Sustainable Biz Singapore.

0:23.7

That's Bloomberg Live.com slash sustainable Biz Singapore.

0:28.0

From the heart of where innovation, money, and power collide,

0:35.0

in Silicon Valley and beyond,

0:38.0

this is Bloomberg Technology with Emily Jang. I'm Emily Chang in San Francisco and this is Bloomberg Technology

0:57.8

coming up in the next hour Netflix hits a wall. The streaming giant

1:01.9

loses subscribers for the first time in a wall. The streaming giant loses subscribers for the first time in a decade, 200,000 of

1:07.0

them and says 2 million more will go. We've got the latest earnings report covered from

1:12.0

all angles.

1:13.4

Plus, after Airlines now Uber and Lyft are also dropping masks in the United States

1:18.0

after a judge overturned a federal mandate for passengers to cover their faces. We'll talk about how that might impact

1:24.5

ride hailing's bottom line. And Bitcoin can't seem to break out of that $40,000

1:30.4

range so can it really be a hedge against inflation?

1:33.0

We'll speak with Michael Saylor of Microstratgy, the world's biggest corporate

1:36.9

holder of Bitcoin about all this and much more.

1:40.0

We'll get to that in a moment, but first it is a bloodbath for Netflix with a drop in

1:44.3

subscribers and a plunge in shares.

1:46.3

Bloomberg's Ed Ledlow has been pouring through the numbers here at an ad this was kind of

1:50.6

unexpected.

...

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