Netflix plans to raise the price of its ad-free streaming tier following the conclusion of the ongoing actors strike, according to the Wall Street Journal. The move would follow similar price hikes by competitors.
ByteDance's — the parent company of the social media app TikTok —valuation has reportedly dropped over 25% year-over-year. After seeing exponential growth over the past three years, ByteDance's revenue has slowed, due in part to increased competition from Meta’s (META) Instagram Reels and YouTube Shorts (GOOG, GOOGL). Yahoo Finance Tech Editor Dan Howley reports on ByteDance's valuation slump and ongoing discussions surrounding TikTok's regulation in the U.S. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
In the latest trading session, Alphabet Inc. (GOOG) closed at $133.30, marking a -1.38% move from the previous day.