FT News Briefing
Markets brace for Trump-era volatility
Jan 22, 2025
Netflix's record addition of 19 million subscribers, driven by live sports, highlights a vibrant streaming market. Meanwhile, the U.S. stock market reacts positively to the new presidential administration, reflecting investor optimism. On the tech front, ByteDance plans a hefty $12 billion investment in AI chips, shaking up the landscape. However, in China, citizens express skepticism about the government's economic growth claims, revealing a disconnect between official statistics and public sentiment.
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Quick takeaways
- Netflix's remarkable addition of 19 million subscribers in the last quarter highlights its successful adaptation to viewer preferences, particularly in live sports.
- The optimism in U.S. equities following Trump's inauguration reflects expectations for positive economic policies, albeit amidst concerns of upcoming market volatility.
Deep dives
Netflix Sees Unprecedented Subscriber Growth
Netflix has achieved a remarkable milestone by gaining 19 million new subscribers in the last quarter, bringing its total to over 300 million. This surge was partly driven by the pivot to live sports, exemplified by the excitement surrounding a high-profile boxing match featuring Mike Tyson and Jake Paul. The impressive growth was positively reflected in the stock market, with shares surging more than 10% in after-hours trading. This expansion underscores Netflix's ability to adapt to changing viewer preferences and solidify its position in the competitive streaming landscape.
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