Netflix Wins Warner Bros. Discovery in $82B Deal (And Meta Cuts Metaverse Budget 30%)
Netflix Wins Warner Bros. Discovery in $82B Deal (And Meta Cuts Metaverse Budget 30%)
Netflix reached an $82 billion deal to acquire Warner Bros. Discovery's film studio and HBO Max creating a streaming empire; Meta surged 3% on reports of 30% metaverse budget cuts; Ulta Beauty beat expectations on resilient beauty spending; Tesla jumped to #10 in Consumer Reports' reliability rankings; Amazon is considering expanding delivery beyond its $6B USPS partnership; Spotify Wrapped drew 200 million users in 24 hours; unemployment claims fell to 191,000 lowest in three years; and Ritz recalled crackers after a dangerous peanut/cheese labeling error.
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