WS #12402
Netflix shares tumble over 8% after forecasting Q3 revenue and EPS below expectations, raising concerns about growth sustainability. Moonshot AI's Kimi K3 model drives rapid revenue growth; company seeks Hong Kong IPO within 6 months at over $30B valuation. Apple raises iPhone prices in Japan by up to 11% due to weak yen, potentially impacting demand.
Netflix Earnings Miss
Netflix shares tumble over 8% after forecasting Q3 revenue and EPS below expectations, raising concerns about growth sustainability.
Moonshot AI's Kimi K3 model drives rapid revenue growth; company seeks Hong Kong IPO within 6 months at over $30B valuation.
Apple raises iPhone prices in Japan by up to 11% due to weak yen, potentially impacting demand.