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Neil Macker - 2 We've - 1 Phil Spencer - 1 Spencer - 1 didn't - 1 flack - 1 they're - 1 Macker - 1
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3 mentions found


☆ Microsoft's Xbox boss says jacking up video game prices can end up being 'manipulative'
  + stars: | 2024-02-21 | by ( Aaron Mok | ) www.businessinsider.com   time to read: +3 min
Xbox games may be more expensive now, but Microsoft's gaming CEO realizes that there's a limit to how much gamers will take. "We've raised the price of games," Phil Spencer, the CEO of Microsoft Gaming, told Game File, a newsletter focused on the business of gaming. AdvertisementBack in December 2022, Microsoft told The Verge that it would be raising prices to reflect "the content, scale, and technical complexity of these titles." "Skull and Bones," an action-adventure game for the PlayStation 5 and Xbox consoles, got some flack for charging $70 for its highly anticipated game. Ubisoft, the company behind the pirate video game, defended the price because it was a "quadruple-A" game.
Persons: We've, Phil Spencer, Spencer, didn't, Neil Macker, flack, they're Organizations: Xbox, Microsoft Gaming, Business, Microsoft, Hollywood, Morningstar, Nintendo, Sony, Ubisoft, PlayStation, Activision Blizzard Locations: COVID
☆ Sirius XM shares pull back after 'wild' gains with short squeeze in focus
  + stars: | 2023-07-21 | by ( Sinéad Carew | ) www.reuters.com   time to read: +3 min
July 21 (Reuters) - Shares in Sirius XM Holdings (SIRI.O) were down 10.5% on Friday, erasing some of their dramatic gains in the previous day's session with analysts attributing the volatility to a short squeeze, as well as a rebalance of the Nasdaq 100 (.NDX). U.S. satellite and online radio company, Sirius XM, which is majority owned by Liberty Media (FWONA.O), last traded at $6.99 after closing up 42% at $7.81 on Thursday for its biggest one-day percentage gain since March 2009. A short squeeze is when these investors are forced to quickly cover their bets to limit losses if a stock gains ground instead of falling. "However, the large number of shares held short along with a relatively small float provided fertile ground for a short squeeze as seen on July 20," wrote Macker who estimates a $7.50 fair value for the stock. Evercore analyst Vijay Jayant said the upcoming rebalance of the Nasdaq 100, of which Sirius is a member, was also a factor for the short squeeze as well as related options trading.
Persons: Neil Macker, Macker, Vijay Jayant, Jayant, David Joyce, Joyce, Sinéad Carew, Medha Singh, Lance Tupper, Sharon Singleton Organizations: Sirius XM Holdings, Nasdaq, Sirius XM, Liberty Media, Atlanta Braves, Sirius, Liberty's, Research Partners, Thomson
☆ Should you buy Netflix stock after the streaming giant's upbeat earnings report? 3 Wall Street analysts share their outlooks for the firm — and where they think its share price is headed next.
  + stars: | 2022-10-20 | by ( William Edwards | ) www.businessinsider.com   time to read: +4 min
Shares of Netflix have been on tear since Tuesday evening when the streaming giant beat expectations in its third-quarter earnings report. Markets InsiderThe upbeat report came after the firm suffered two dismal earnings reports in the first half of the year. On Wednesday morning, Wall Street firms released their analyses of the stock, and updated their price targets for it. It reissued both its underweight rating on the stock and price target of $196, which is 27% downside from current levels. While acknowledging that adding subscribers in the US and Canada would be difficult, he said the firm could increase revenues through price hikes.
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