Netflix shares close higher after Paul-Tyson fight
Trending Articles- Gold Price Forecast: Gold Rises as Nonfarm Payrolls Unexpectedly Turn Negative; Can CPI and PPI Help Break $4,500?
- Hormuz tensions escalate as unconfirmed missile attack amid fragile US-Iran talks
- Gold Price Forecast: Cooling Rate Hike Expectations Push Gold Above $4,400, Eyeing $4,500 Next
- Gold Price Forecast: Can Gold Keep Rising After Reclaiming $4,400 as Markets Await Upcoming CPI Data?
- Gold Price Forecast: Can Gold Still Rise Above $4,300 Ahead of July Non-Farm Payrolls?
- WTI hovers around $81.50 as US-Iran peace talks stall
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.
Read more
* 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.
