-
Shares of Netflix, Inc.
NFLX
tumbled 8.6% on reports that the streaming giant’s ad-supported tier is missing viewership targets after making a slow start.
-
Warner Bros. Discovery, Inc.’s
WBD
shares fell 8.9% after the company increased its restructuring cost estimates by another $1 billion.
-
Shares of Novavax, Inc.
NVAX
plummeted 34.3% after it announced that it would make a $125 million common stock offering and another $125 million in a convertible debt offering.
-
Meta Platforms, Inc.’s
META
shares declined 4.5% on the broader tech slump.
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