Netflix stock drops after Needham turns bearish, says company needs to add an ad tier

Shares of Netflix Inc. NFLX, -1.98% are off 2.4% in premarket trading after Needham analyst Laura Martin downgraded the stock to underperform from hold, writing that she expects the streaming giant to shed 4 million U.S. subscribers in 2020 due to the high price of its service relative to...

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Disney+ Signed Up 10 Million Users, but Some Seem to Be Looking for an Exit

  Walt Disney’s (ticker: DIS) Disney+ streaming-video service is off to a spectacular start, with 10 million people signing up in the first 24 hours after its Tuesday launch.   LightShed Partners analyst Rich Greenfield considers the rapid uptake to be a remarkable achievement, which “illustrated the power of...

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