Hulu is following Netflix down the red ink path. In its earnings results on Wednesday, Hulu shareholder 21st Century Fox revealed that the video streaming service’s losses more than doubled in the March quarter from a year earlier. Fox’s share of the losses rose to $148 million, which translates to just shy of $493 million for the entire service. For the first nine months, Hulu’s losses rose to...
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SVB Is Sold, but Other Banks Are Already Filling the Void
After a two-week auction process, Silicon Valley Bank has finally been sold to regional lender First Citizens Bank. But while the sale of the tech industry’s go-to bank was playing out, other banks moved to fill the void. Among the firms moving quickly are SVB rival Western Alliance-owned Bridge Bank and JPMorgan Chase, as well as newer institutions Mercury and Brex. “You can see...
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