Netflix Inc.
Netflix has a steady stream of new subscribers. The company said Tuesday it added up to 200 million paying first-time customers after investing 37 million in 2020. The continued growth of the streaming giant is come amid higher competition from tech giants and media conglomerates. A new competitor, ViacomCBS Inc., Paramount +, is slated to launch in March and take advantage of a key advantage that media companies have over their tech competitors: cross – promotion. Netflix shares rose 17% on Wednesday.
Microsoft Corp.
Microsoft is making a big bet on driverless cars. The software giant on Tuesday joined a group of companies that will invest more than $ 2 billion in driverless starter car General Motors Co., Cruise. Under the terms of the contract, Cruise will use Microsoft’s Azure cloud computing platform to help it deploy autonomous vehicle services. GM said Microsoft is its preferred cloud provider and is helping to streamline supply chains and roll out new digital services to customers. In the last few years, the tech giant has been strongly pushing its cloud computing business, where it is renting server capacity and software tools to customers. Microsoft shares rose 1.8% on Tuesday.
UnitedHealth Inc.