Netflix, the renowned content streaming platform, has reported earnings for the Q4 of 2020 much after the bell on Tuesday, stating that it is extremely close to being positive free cash flow and is thinking about stock buybacks. This year, Netflix hopes to be around B/E (break-even) on cash flow.
The streaming giant exceeded 200 million paid subscribers for the very first time in the Q4 of 2020. It had exceeded the 100 million mark back in 2017.
The expectation of Netflix to become free cash flow positive might soon bring alive the bull c
The NSW Government has reportedly extended its support for waste recycling through a hefty investment of around $4.7 million for keeping the household and general waste out of landfill and minimizing greenhouse gas emissions.
Commenting on the initiative, Kathy Giunta, Director of Circular Economy Programs, NSW Environment Protection Authority (EPA) stated that the latest increment is an addition to the existing investment by the state government. This initiative would allow thousand more NSW households to recycle food and garden waste at kerbside.
Tesla, the leading California-based electric car company, has reportedly began delivering the locally-manufactured Model Y crossovers to customers in China, marking yet another achievement for the electric vehicle pioneer in the globe’s largest market for vehicles.
As per China’s state-run leading news agency, deliveries of the made-in-China crossover vehicles started on Monday.
China is known to be the largest market for EV in the world and is critically significant to Tesla as well as its growth plans. Tesla wants to scale i
The present chief of the South Korean consumer electronics giant Samsung, has reportedly been convicted in a large corruption scandal on Monday and has been sentenced for two-and-a-half years of imprisonment, as a part of the ruling that deprives the company of its top official.
It has been reported that the vice-chairman of Samsung Electronics, Lee Jae-yong, has been declared guilty of bribery and misappropriation in connection with the scandal that had led to the termination of former president of South Korea, Park Geun-hye.
The Seoul C
Singapore-based ride-hailing as well as food delivery firm, Grab is reportedly considering a listing in the U.S. in 2021, emboldened by strong appetite among investors for initial public offerings (IPOs), cite sources privy to the matter.
As per one of the reliable sources, the IPO could raise nearly US$2 billion (S$2.66 billion), which would possibly make it one of the largest-ever overseas stock offering by a South-east Asian firm. The sources added that the market is good, and the business is doing much better than before. This might work well for public markets.
California-headquarter rocket startup Virgin Orbit has reportedly announced the successful launch of its 70-foot rocket named LauncherOne, which was attached beneath the wing of the advanced Boeing 747 aircraft nicknamed Cosmic Girl, into Earth’s orbit. As per the sources of knowledge, the jet took off from California at around 10:30 am PT and flew over the Pacific Ocean before the releasing the rocket. It then set LauncherOne free enabling it to fire up the rocket motor and initiate its climb at a speed of over 17,000 miles per hour, which is appropriate to start orbiting the Earth.
U.K-based telecommunication service provider, BT is reportedly facing a class action lawsuit over claims the firm failed to recompense old-age customers who were overcharged for landlines for nearly eight years.
Back in 2017, Britain’s telecommunications watchdog Ofcom found that BT Group was effectively overcharging approximately 2.3 million landline users since 2009.
As a result of the Ofcom review, BT reduced the price of its landlines by around 7 pounds a month. But campaigners are not happy that the loyal customers have not yet
It is not an unknown fact that increasing cholesterol levels in human body might result into adverse health effects, right from cardiac arrests to heart blockage, resulting into fatality. In fact, reports have suggested that over 75% of the global population raising complaints of heart diseases suffer from high cholesterol. Apparently, what comes as an escape route in such situations is the consumption of plant rich diet, and in most cases, dietary intake of phytosterols.
Phytosterols are a group of plant-derived compounds that resemble the structure of cholesterol in the hu
Instacart, an American retail company that specializes in grocery delivery and pick-up services, has announced to pay USD 25 to around half a million gig employees if they take the time off to get COVID-19 vaccination.
The company, which has been pushing several government agencies to acquire early access to the COVID-19 vaccine for its delivery workers, claimed that eligible part-time employees including contractors and in-store shippers will also be paid starting February 1st, 2021.
For those unfamiliar, a gig worker is an independent c
