(Bloomberg) -- Investors who bet against Netflix Inc. in recent months might now be licking their wounds. Shares of the streaming giant have surged about 50% from their May low, buoyed by the promise of new features to revive growth, better-than-expected quarterly results and the runaway success of the latest installment of sci-fi thriller “Stranger Things.” That’s hurting short sellers, who borrow shares and sell them, hoping to buy them back at a lower price to profit from the difference. Sinc
Yahoo Finance Live checks out Peloton's announcement regarding layoffs, store closures, and price hikes as it moves towards selling devices that customers can assemble themselves.
(Bloomberg) -- Despite some promising economic signs recently, more tech companies are hitting the pause button on their hiring plans. They’re instituting freezes, rescinding jobs offers and even resorting to layoffs (with one CEO showing his remorse by sobbing on social media).According to Layoffs.fyi, a website tracking job cuts at startups and recently public companies, more than 37,000 positions were eliminated at 467 globally in the second quarter. That compares with fewer than 3,000 during