Netflix shares close higher after Paul-Tyson fight

Investing.com
Updated
Mitrade
coverImg
Source: Shutterstock

Investing.com -- Netflix closed higher Monday as the streaming giant hailed the live streaming boxing match between YouTube star Jake Paul and former heavyweight world champion Mike Tyson a "huge success" despite technical issues.

The fight hit a peak of 65 million viewers, according to Netflix, but the sheer number of users caused challenges for the streaming giant, with users complaining about stream quality, resulting in buffering, frozen screens, and connection issues.

The technical issues were acknowledged by Netflix CTO Elizabeth Stone in a memo to employees, Bloomberg reported.  

“This unprecedented scale created many technical challenges, which the launch team tackled brilliantly by prioritizing stability of the stream for the majority of viewers,” Stone said in the memo seen by Bloomberg. 

While the fight didn't quite live up to expectations as Paul, 31, claimed a victory against Tyson, 58, via unanimous decision, the event on Friday was hailed a success by Stone despite the streaming issues. 

"We don’t want to dismiss the poor experience of some members, and know we have room for improvement, but still consider this event a huge success," Stone said in the memo. 

Netflix Inc (NASDAQ:NFLX) closed more than 2% higher on Monday.

* The content presented above, whether from a third party or not, is considered as general advice only.  This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.

goTop
quote
Do you find this article useful?
Related Articles
placeholder
Musk's xAI to Launch "Baby Grok": Can Child-Focused AI Win Back Public Trust?Tesla (TSLA) CEO Elon Musk announced via the social platform X that his AI company, xAI, will launch a child-targeted interactive application called "Baby Grok".
Author  TradingKey
4 hours ago
Tesla (TSLA) CEO Elon Musk announced via the social platform X that his AI company, xAI, will launch a child-targeted interactive application called "Baby Grok".
placeholder
US stock futures hold steady as traders brace for big tech earningsUS stock futures remained mostly flat Sunday night ahead of a busy earnings week focused on big tech companies.
Author  Cryptopolitan
12 hours ago
US stock futures remained mostly flat Sunday night ahead of a busy earnings week focused on big tech companies.
placeholder
Asian stocks climbed following record highs with gains led by Taiwan and AustraliaOn Friday, Asian stocks rose after U.S. markets hit new highs, supported by positive economic data and mixed corporate results.
Author  Cryptopolitan
Jul 18, Fri
On Friday, Asian stocks rose after U.S. markets hit new highs, supported by positive economic data and mixed corporate results.
placeholder
Meta continued effort to increase its workforce with AI experts from AppleMeta has brought two important AI experts from Apple after luring away their manager. 
Author  Cryptopolitan
Jul 18, Fri
Meta has brought two important AI experts from Apple after luring away their manager. 
placeholder
Baidu's Stocks Surge in US and Hong Kong as Apollo Go Teams Up with Uber for Global ExpansionChinese search engine giant Baidu announced a multi-year partnership with ride-hailing titan Uber.
Author  TradingKey
Jul 16, Wed
Chinese search engine giant Baidu announced a multi-year partnership with ride-hailing titan Uber.