Netflix released its Q1 2021 earnings report on Tuesday. Subscriber growth was only about 4 million subscribers as opposed to the 6.25 million expected by analysts. Additionally, the company’s guidance for new users in Q2 was cut back to 1 million instead of the forecasted 4.8 million.
Alphabet shares surged to a new record on Monday following a Supreme Court decision ruling in its favour in a long-running copyright case against Oracle. Investors also appeared to be indifferent to the sudden departure of the head of Google’s autonomous vehicle unit Waymo on Friday.