The Netflix Papers They come from collapsing about 50% from its maximum price. The main cause was due to the fact that in the presentation of the quarterly balance, the number of subscribers had stagnated and did not meet market expectations. That led to a price collapse of more than 20% in a single day.
It was then that Bill Ackman of Pershing Square Capital Management entered the picture. The legendary investor bought a lucrative package of shares. “During the past few days, we purchased more than 3.1 million shares of $NFLX, making us one of the company’s top 20 shareholders,” he said in a statement.
This Tuesday, Globant became one of the world’s top 10 information technology services companies. In the “10 strongest IT services brands 2022” ranking, prepared by Brand Finance, the Argentine unicorn was ranked No. 10 in the list of the 10 strongest firms in the IT sector, with a score of 72.8 from the Brand Strength Index (BSI) and an AA brand strength.
For its part, the main indices on Wall Street closed higher for the third consecutive day. The S&P 500 rose 0.6%, while the Dow Jones rose 0.7% and the Nasdaq rose 0.7%.
Source: Ambito
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