Netflix, Verizon, Facebook’s New Name

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4.7 • 1.7K Ratings

🗓️ 20 October 2021

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

3^rd-quarter subscribers come in higher than expected for Netflix, but shares drop anyway. 5G adoption helps boost Verizon’s 3^rd-quarter results. The Verge reports that Facebook will unveil a new name for the company next week. Tim Beyers analyzes those stories and shares his thoughts on overrated/underrated Halloween candies.

Transcript

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0:00.0	It's Wednesday, October 20th.
0:04.3	Welcome to Market Foolery.
0:05.3	I'm Chris Hill, with me today, our man in Colorado, Tim Myers.
0:08.8	Thanks for being here.
0:09.8	Thanks for having me, Chris.
0:11.6	Good to see you.
0:12.6	Good to see you.
0:13.6	We've got 5G news, and yes, of course.
0:16.5	Of course we are going to talk about Facebook's attempt at a rebrand, but we are going to
0:20.1	start with the latest results from Netflix.
0:23.9	Profits came in higher than expected.
0:26.0	Subscribers in the third quarter grew 4.4 million.
0:29.2	That was solidly higher than expectations, and yet shares down a little bit.
0:33.6	Is this due to guidance for the fourth quarter?
0:37.2	Is this because of growth in the US and Canada that was just 70,000 people?
0:43.0	I mean, it's, I think it's a combination of both.
0:45.9	But let's be clear about where we are with Netflix right now.
0:49.6	This is Netflix's Jerry McGuire moment.
0:52.6	It is show me the money time.
0:54.5	That's what it is.
0:55.5	Show me the money.
0:58.0	The good news here, Chris, is that Netflix was able to squeeze out a modest amount.
	...

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