Netflix Inc. is poised to pass HBO in paid U.S. subscribers, showing Chief Executive Officer Reed Hastings is making progress toward a goal of transforming the streaming service to a Web-based television network.
Zynga Inc. fell to the lowest price in more than four months after Scott Devitt, an analyst at Morgan Stanley, downgraded the stock and said the social-games maker may need to trim staff to make up for user declines.
Pandora Media Inc.’s online music service is so popular among smartphone users that it’s the most- downloaded free music program on Apple Inc.’s and Google Inc.’s app stores. So far that hasn’t won over mobile advertisers.
Amazon.com Inc., the world’s largest online retailer, surged to a record after Morgan Stanley said the company’s network of distribution centers will help it win share in an expanding global e-commerce market.
Pandora Media Inc., the biggest online radio service, fell the most in more than eight months after forecasting third-quarter profit that will miss analysts’ estimates as the company invests to expand its sales staff.