Dutch authorities fined video streaming giant Netflix 4.75 million euros ($4.98 million) Wednesday over its handling of subscribers' personal data, which it said was unclear or incomplete in several respects.
Netflix (NFLX) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
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Netflix Inc (NASDAQ:NFLX, ETR:NFC) has been slapped with a €4.75 million ($4.98 million) fine by The Dutch Data Protection Authority after not informing customers over personal data usage. Consumers were not properly informed about how the streaming service used their personal data between 2018 and 2020, the watchdog said on Wednesday.
Netflix stock has had a solid year, rising by almost 90% year-to-date, trading at about $920 per share currently. This compares to rival Disney, which has gained about 26% over the same period.
The Dutch Data Protection Authority (DPA) said on Wednesday it fined Netflix 4.75 million euros ($4.98 million) for not properly informing customers about its use of their personal data between 2018 and 2020.
Mahoney Asset Management CEO Ken Mahoney joined Market Domination to discuss the potential for a stock split at Netflix (NFLX). Mahoney noted that Netflix is no stranger to stock splits, having previously executed them in February 2004 and July 2015.
Netflix (NFLX) closed at $921.08 in the latest trading session, marking a +0.24% move from the prior day.
U.S. President-elect Donald Trump is scheduled to meet with Netflix co-CEO Ted Sarandos on Tuesday at Mar-a-Lago, CNN reporter Alayna Treene said on Monday on X, formerly known as Twitter.
Jason Helfstein, managing director ofinternet equity research at Oppenheimer, and Alan Gould, managing director at Loop Capital, join CNBC's 'The Exchange' to discuss how they see Netflix, their outlooks on the streaming landscape, and more.
CNBC's Julia Boorstin and 'Halftime Report' Investment Committee break down Netflix as latest Call of the Day, and how to trade it after Oppenheimer raised its price target.
Netflix Inc (NASDAQ:NFLX, ETR:NFC) has earned a price target boost from Oppenheimer analysts who are bullish on the streaming platform's live events. Analysts raised their price target on ‘Outperform'-rated Netflix to $1,065 from $825.