Squid Gain$ — While $900mm of anything is a number that most businesses couldn’t dream of getting too, it's just another show for Netflix. That show you’ve been telling all your friends to watch, it turns out, is a pretty big deal.

The ultra-hit Korean series Squid Game is well on its way to becoming the most watched show in the history of Netflix, and the company recently announced that it expects the dystopian drama to generate $900mm in value. Let that sink in for a minute — $900mm is about the same as the average market cap of the Russell 2000, meaning this nine-episode piece of content could on its own be a small-cap publicly traded company. Wow.

On its own, this is unbelievable, but it’s also a good reminder of the ups and downs inherent within this sector. To paraphrase the great philosopher Kanye West, “one good show is worth a thousand misses.”

Walt Disney Co. ($DIS) — Mickey took an L yesterday, as analysts on Wall Street are seemingly losing faith in the Mouse’s ability to drive growth. Barclay’s came out with a report slamming Disney, specifically Disney+, suggesting the streaming service pulled forward all of its growth during the pandemic. The firm lowered their price target from $210 to $175, barely above the current share price. At the same time, films like Doctor Strange and others announced delays in release. What a great day for Netflix. Shares dropped 3.0%.

Zillow Group Inc. ($Z) — The Z in “Zillow” stands for “zero”, because that’s where shares are gonna be soon if they keep up yesterday’s performance. The stock fell 9.5% on their announcement of halting their home buying business commonly known as “iBuying”. Basically, the firm has gone a bit nuts with the home purchases, buying 3,800 homes in Q2 alone and creating quite a backlog for themselves. Note to self: don’t buy thousands of homes without a plan to profit off of them.