Subscription

• Meta Platforms shares surged 3.7% following the launch of a new subscription service, while Arm Holdings tumbled 5.8% due to manufacturing constraints delaying revenue from its AGI CPU. • The broader semiconductor sector felt the impact, with the SOXX index falling 1.1%, and cybersecurity stocks slid after Zscaler provided soft fiscal fourth-quarter guidance. • MongoDB's Atlas cloud database has reached a $2 billion annualized revenue run rate, yet the stock remains down 26.3% year-to-date as investors await a more constructive outlook from management.

• Netflix announced its second price increase in just over a year, with the standard plan without ads rising to $19.99 and the premium plan climbing to $26.99, both increases of $2 per month. • The ad-supported standard plan will cost $8.99, up $1 from its previous price, reflecting the company's monetization strategy across its tier offerings. • These price changes were reflected on Netflix's website Thursday as the streaming service continues expanding its content library amid ongoing subscriber growth.