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We've come a long way from Qwikster. Netflix's stock price has more than doubled since last December, and with prices of shares nearing $700 today it announced plans (PDF) for a 7-for-1 stock split. The price closed today at $681, and the Board of Directors approved a plan to distribute six additi...

June 23rd 2015 at 5:13pm 0 Comments
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Apple is no stranger to stock buybacks so its no surprise that the trend continued in the 2014 fiscal year. And how much stock did Apple buy back this year? According to a new report for FactSet, Apple spent over $56 billion buying back stock this year. That's $36.8 billon more than IBM who took t...

December 19th 2014 at 7:00pm 0 Comments
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Nintendo of America confirmed this week some Amiibo toys "likely will not return to market," following a retailer's claim that the publisher had officially discontinued the Marth, Wii Fit Trainer and Villager figures. In a statement provided to several sites including Wired, Kotaku and Destructoid,...

December 9th 2014 at 9:00am 0 Comments
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Roku frequently comes across as the little media player company that could: its streaming box business is growing in spite of much larger competition. As healthy as it is, though, this upstart now appears eager to join the big leagues. Tipsters for both the Wall Street Journal and New York Times c...

October 25th 2014 at 6:19pm 0 Comments
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It looks as if the judges who operate the gateway between the NSA and the cable companies may not be as impartial as their job description requires them to. An investigation by Vice has revealed that several judges who sit on the Foreign Intelligence Surveillance Court are also Verizon shareholder...

July 28th 2014 at 10:17am 0 Comments
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You'd think that an outlet that specialized in financial news would have a pretty good handle on the workings of Wall Street. You'd think that but you'd be wrong, at least in the case of Forbes, which is noting via its inline stock tracking widget that AAPL is down a shocking 85% today by dropping...

June 9th 2014 at 3:30pm 0 Comments
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French multimedia company Vivendi has been steadily distancing itself from Activision Blizzard for awhile now, but a new sale brings Vivendi's stake in the House That Warcraft & Call of Duty Built down to just six percent. The $850 million deal is expected to close May 28, provided there are no...

May 22nd 2014 at 6:00pm 0 Comments
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Perfect World Entertainment announced today that it will enter into a share purchase agreement with rival Chinese MMO company Shanda Games Limited for 30 million shares valued at $100 million. The purchase is expected to finalize in 30 days. Shanda Games publishes over 20 MMOs for the Chinese mark...

April 21st 2014 at 1:00pm 0 Comments
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The PlayStation 4 may be leading home console sales, but that doesn't mean Sony's bank account is in the black. The company has made a minor habit of garnishing its quarterly earnings reports with notable losses, and it's been selling off assets (including its own headquarters) to help balance its...

April 16th 2014 at 4:32pm 0 Comments