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Fly News Breaks for March 18, 2015
NFLX
Mar 18, 2015 | 08:05 EDT
Noting that Netflix's stock has dropped 15% from its 52-week high, Oppenheimer says the decline creates a good buying opportunity ahead a number of "tier 1" original show launches by the company. The firm says that history indicates that tier 1 original shows have the most impact on the company's net subscriber additions. Oppenheimer keeps a $483 price target and Outperform rating on the shares.
News For NFLX From the Last 2 Days
NFLX
Mar 18, 2024 | 06:12 EDT
Netflix is rethinking a core tenet of its vaunted culture, that of "freedom and responsibility," trusting employees to use discretion on everything from sharing internal documents to taking vacation, Jessica Toonkel of The Wall Street Journal reports. The company is discussing removing the "freedom and responsibility" section from the corporate-culture memo, people familiar with the situation told the Journal. Language encouraging employees to take ownership for their actions is being considered to be inserted in the section instead. Reference Link