Netflix stock went up $86 in one day after record-breaking quarter. The stock keeps going up and up and up. If you missed your chance to buy it when it went down to the mid 300s. You are kicking yourself now. Netflix had a record number of people signing up. HBO should be concerned. Heck, media content distribution companies everywhere should be concerned. Shares are now at an all-time-high. The thing is foreign exchange took a big chunk of the company’s profit during the first three months of the year. Investors are ignoring this fact and instead focusing on the expanded user base.
Netflix US subscribers broke through 40 million for the first time ever. Netflix also added over 20 million international members. International expansion is a major key to the continued growth of the company. So far the strategy of expanding into international markets and continued development of great original content has sucked subscribers in as well as kept them loyal. Good thing too since HBO, CBS, Dish and whole host of services are launching direct-to-consumer streaming services.
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“We think both will continue to be successful in the marketplace, as illustrated by the fact that HBO has continued to grow globally and domestically as we have rapidly grown over the past five years. The attention of the new launches of the competitors is only creating a bigger ecosystem, drawing more and more people into thinking ‘Hey, I’ve got to check that out and try this Internet TV thing.
The U.S. government said that Apple was being anti-competitive with it’s Book Store. They also said that Apple had a collision with book publishers jack up prices. The DOJ will take their case to court but not for a long time. This means Apple has almost a year to beef up their case. The case will go to court on June 3, 2013. In an ironic twist Apple says they’re trying to keep the eBook market free from Amazon dominance. Funny, last I looked Apple had a monopoly on digital music. They don’t seem to have a problem with that dominance.
Amazon was selling book at $9.99 which very cheap for books and led to Amazon having a big market share. Just like Apple charged 99 cents for songs and go a big market share. Only difference is that Apple did not have the market and went after it hard and illegally. Steve Jobs was stated as wanting to offer publishers a means to boost prices, and “create a real mainstream e-books market at $12.99 and $14.99.” Apple says it has not conspired to fix prices for e-books. Apple must have a lot of Lawyers on retainer. It seems there are cases against them or by them weekly.… Read the rest
Facebook is set at $38 with a valuation of $104 billion. I have been telling people to put a little money away every paycheck just so they can buy this stock. Yes, Facebook is not Google. In that it’s pretty money focused regardless how it affects it’s users. This thing is going to make money. The only question is how much money will it make.
Opens at $42 down to $39
8:56am ET May 18, 2012 (Dow Jones)
The following table includes registration statements and post-effective amendments that were declared effective by the Securities and Exchange Commission on the most recently completed business day.
The Securities Act of 1933 requires companies offering securities to file a registration statement with the SEC that discloses material facts for investors. The SEC staff reviews registration statements and declares them “effective” if companies satisfy the disclosure rules.REGISTRATIONS EFFECTIVE AS OF May 17, 2012IPO:
Facebook, Inc. (FB)
File Number: 333-179287
Date of Original Registration: 2/1/2012
Form Type: S-1
Securities Registered: $5,000,000,000 in Shares Of Common Stock
Selling Holder: Yes