Netflix shares jumped Wednesday following an earnings report that showed the streaming company adding more subscribers than expected and generating more revenue than forecast. In mid-day trading, Netflix stock was up 14% to $572 per share.
Netflix is planning to roll out its Shuffle Play feature worldwide after testing the feature in France. Shuffle Play allows subscribers to simply click a button and let the streamer pick programming to watch based on a users' viewing history, much like a linear TV broadcast.
The Biden Administration is issuing a regulatory freeze memo to "pause any new regulations from moving forward" until the new administration can review any that the Trump Administration tried to finalize in its last days.