Netflix Drops, Tesla Falls, IBM Down After News of Confluent Purchase
On this episode of Stock Movers:
- Netflix (NFLX) shares drop after President Trump says the proposed Netflix and Warner Bros. deal would “create a big market share” and “could be a problem.”
- Tesla (TSLA) shares fall after Morgan Stanley downgraded the electric-car maker to equal-weight from overweight, saying non-auto catalysts priced into the stock.
- IBM (IBM) shares are down after news that the company is buying the data-streaming platform Confluent Inc. for $11 billion including debt, marking one of its largest takeovers yet and a major bet on the kind of enterprise software that artificial intelligence tools need to perform tasks in real time.
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