Netflix investors: When will revenue match content spending?

Netflix will report earnings for the third quarter after the market closes on Monday, Oct. 16. The company has been overspending his competitors in recent years and bought a staggering $22 billion in new content since 2014. While the expansion is crucial to Netflix’s aspiration to build a world-class digital library, Drew Pascarella, lecturer of […]

Serious headwinds as Dow Jones passes 22,000 mark

On Wednesday, the Dow Jones industrial average broke through the 22,000-point mark for the first time in its history. Andrew Karolyi, professor of asset management and finance at Cornell SC Johnson College of Business, recently authored a paper about the shrinking number of exchange-listed firms in the U.S. He says that today’s milestone should prompt […]

Investors beware: Snap’s secrecy at odds with IPO

Drew Pascarella, lecturer of finance at the Samuel Curtis Johnson Graduate School of Management, says that the photo-sharing social network Snap, which officially filed for an IPO on Thursday, has a history of secrecy that is at odds with its now public profile.   Bio: https://www.johnson.cornell.edu/Faculty-And-Research/Profile?id=ddp4   Pascarella says: “Investors, beware. Snap’s dismissive behavior towards […]

New GDP number in China, same old concerns about accuracy

Jeremy Wallace, associate professor of government and faculty member of Cornell University’s China and Asia Pacific Studies Program, says China’s recent GDP figure casts doubts on the accuracy of the country’s statistics. Wallace’s current book project, Seeking Truth and Hiding Facts: Information, Ideology, and Authoritarian Rule in China, looks at the use, accuracy, and political significance of […]

Massive new investment shows Uber is early leader in mobility industry

Uber raised $3.5 billion from Saudi Arabia’s Public Investment Fund this week, one of the largest cash infusion made by a private investor into a start-up. Drew Pascarella is lecturer of finance at the Samuel Curtis Johnson Graduate School of Management. Before joining Cornell University Pascarella has spent 15 years working at bulge bracket investment […]

Investment office reports 3.4 percent return in FY15

Cornell University’s long-term investments (LTI) earned a 3.4 percent rate of return in fiscal year 2015. Despite “challenging market conditions,” according to Chief Investment Officer A.J. Edwards, the endowment reached a record high value of $6.3 billion, up from $6.2 billion at the end of fiscal year 2014. Investment gains totaled $192 million and gifts […]