NewsWatch: Netflix adds more than 10 million new subscribers and names Sarandos co-CEO, but stock is tanking

This post was originally published on this site

MARKETWATCH FRONT PAGE

Netflix Inc. logged another blockbuster quarter Thursday with the addition of 10.1 million new paid subscribers and a significant jump in revenue, and rewarded one of its most important executives with a promotion, but shares declined in after-hours trading on fears of slowing growth and a miss on profit. See full story.

Longtime Elon Musk critic has a strong message for investors looking to bet against Tesla

Carson Block, the short-seller behind Muddy Waters Capital, talked with Bloomberg’s Tracy Alloway and Joe Weisenthal about the iffy prospects of taking a short position on Tesla in the face of the stock’s torrid rally. See full story.

The wealthy loaded up on stocks in March — now they’re selling, warns ‘fortress bank for billionaires’

Josef Stadler, UBS’s head of global family offices, has a bearish perspective on the rest of the year. See full story.

3 things Twitter users should know about the bitcoin hack targeting Elon Musk, Bill Gates and others

Hackers made the A-listers’ accounts solicit bitcoin contributions. See full story.

I want year-round outdoor living — dry summers and no snow — on $4,000 a month. Where should I retire?

This reader loves hiking, biking and water sports. See full story.

MARKETWATCH PERSONAL FINANCE

Hackers made the A-listers’ accounts solicit bitcoin contributions. See full story.