top of page
Long-time Chief Executive Officer Ben Silbermann of Pinterest would step down, handing over the reins of the social media platform to Google...

Stock Market

Google executive to take over as a new CEO of Pinterest

Top accounting firm Ernst & Young has been slammed with a record $100 million fine from the US government...

Stock Market

Accounting firm gets 100 million fine for faulty regulations

The Indian rupee slipped into a fresh low today and extended losses against the US dollar.


The rupee tumbled to a new low against the dollar in the midst of an increase in crude oil price

Wall Street saw a sharp fall at its closing in a broad sell-off. Consumers' worries over recession have sparked up...

Stock Market

Wall Street Lose Balance after recession strikes growth fear among consumers’

Soaring inflation may be pushing the US economy into a deep recession. Last week's 0.75% interest rate hike by the Federal Reserve...

Stock Market

Inflation ringing the recession bell - Mohammed Shaheen

Stock Markets

19 Oct 2021

Megahit "Squid Game" adds $900 Million Value to Netflix in just 27 Days

The Index Today

Megahit South Korean drama series "Squid Game" has led the investors to bet on Netflix Inc and plans to explore more international content to boost slowing subscriber growth.

Reuters reported that with a 111 million-strong fan base in just 27 days after its release, Squid Game has become Netflix's biggest original show launch ever, underpinning its efforts to ramp up investments in overseas content.

Guggenheim analysts said in a client note that "We continue to view international expansion as a key driver of subscriber growth, particularly in less-penetrated, emerging markets."

In the first half of the year, Netflix had reported its slowest growth of subscriber since 2013 due to the coronavirus worldwide spread.

International shows like "Money Heist", "Lupin" and "The Crown" have drawn cross-border fame and several Emmy award nominations, helping steady the overseas subscriber growth.

MoffettNathanson analysts said in a research note said that, "The streaming wars, as they currently stand, are not a battle to unseat Netflix within viewers' homes, but rather to earn a place alongside the red giant."

Bloomberg News reported that "Squid Games" would add about $900 million to the company's value, citing internal documents.

Clay pottery with table linens
bottom of page