À propos de nous

Tech Wreck: Goldman Sachs Reduces Netflix, Roblox, and EBay To'sell'

Netflix's world has been turned upside down by stock plunges 35 percent

According to Goldman Sachs analysts, they downgraded Netflix due to "concerns regarding the impact of a depression in the market and increased competition." They said that Netflix is now a "show me story."

There are growing worries that consumers who are cash-strapped may find that they're paying for too many streaming service and may need to cut down.

Netflix is not the only streaming service available. There are also Disney (DIS), Amazon, Apple (AAPL), Paramount and Comcast (CMCSA) along with Warner Bros, owner of CNN. Discovery all have their own streaming services, with exclusive content.

Goldman Sachs seems less worried about competition from Roblox as it claims that it is still "the most strategically placed company in the gaming/interactive entertainment" business and has good "long-term potential for growth."
GAME TOLIA

However, there are "increasing concerns about the post-pandemic situation" for Roblox. The Goldman analysts are expecting "slowing growth" in the near term.

Is the summer holiday boom over before it even began?

The Goldman Sachs analysts remarked that the growth of eBay's revenue is at risk due to its high exposure to international markets and the pressures placed on the global market for consumer goods.

Goldman Sachs analysts reiterated their "sell” rating for another tech company, Airbnb. The analysts cut their target price for Airbnb from $150 to $95. The stock is currently trading at $110 or so.

Analysts said that even though "pent-up demand...remains an important tailwind" There are doubts about the value of the stock and the possibility of recession. This could result in more people staying in hotels than renting homes while on vacation.

It was not all doom and doom from the Vampire Squid about Big Tech.

The Goldman Sachs analysts said they were keeping their buy ratings on Amazon (AMZN), Uber (UBER), Facebook owner Meta Platforms, Google and YouTube parent Alphabet (GOOGL) as well as Barry Diller's internet conglomerate IAC (IAC) and its real technology spin-off Angi (ANGI) as well as dating apps on the internet like Match (MTCH) and Bumble.