On Friday, Credit Suisse analyst Douglas Mitchelson upgraded Netflix stock to outperform from neutral.

He set a 12-month price target of $586. (NFLX). Today's stock market trading saw a 2.2 percent increase in Netflix stock, which was trading near 529.55. Netflix stock has plummeted since reaching a record high of $593.29 on January 20.

Elon Musk, CEO of Tesla, and Jack Dorsey, CEO of Twitter, will discuss Bitcoin at an online event next month.

They communicated via Twitter. Cathie Wood, CEO of the ARK Innovation ETF (ARKK), joined in on the fun. Bitcoin fell below $30,000 earlier this week, a key support level and its lowest level since January.

Andreessen Horowitz has announced the formation of a $2.2 billion crypto-focused venture fund.

It is the largest investment yet made by one of the first major venture capital firms to enter the digital-asset market. The new crypto fund, Andreessen's third, is being launched against a backdrop of renewed skepticism about the utility and future of cryptocurrencies and related technologies, with Bitcoin down nearly 50% since its all-time high in mid-April.

The funds will be used for everything from early-stage startups to later-stage ventures.

Didi Chuxing, the Chinese ride-hailing company, announced plans to raise up to $4 billion in an initial public offering

on the New York Stock Exchange, making it one of the largest international listings in years.

The IPO is to start on next Wednesday. The company is expected to be valued in the range of $62.4 to $67.2 billion, in between its U.S. peer Uber ($96.7 billion) and Lyft ($20 billion)

Morgan Stanley and Singapore's Temasek have expressed interest in buying up to $1.25 billion in combined stock in the IPO, or roughly one-third of the total offering at the midpoint of the price range.

Confluent Inc. raised $828 million in its initial public offering in the United States,

pricing its shares above a marketed range. On Wednesday, the company sold 23 million shares for $36 each after marketing them for $29 to $33. Confluent was recently valued at $4.5 billion in a funding round. Confluent, founded in 2014 by Jay Kreps, Jun Rao, and Neha Narkede, has over 2,500 customers who use its platform to organize and manage data.

Bitcoin's price fell below $30,000 earlier this week,

trading at a level not seen since the beginning of the year. According to some experts, China's mining crackdown may actually benefit cryptocurrency in the long run. The growing concern that Bitcoin mining is becoming too concentrated in mainland China, according to Blockchain.com co-founder and CEO Peter Smith, is one reason for a positive outlook on the crackdown. He predicts that over the next three to four years, mining firms will sell off their bitcoin and relocate their operations overseas, resulting in a net positive for crypto.

Chinese mining companies have already begun to plan for a global expansion.

The CMA, the UK's competition watchdog, has launched an investigation into Amazon and Google for fake reviews.

The CMA says it will gather evidence to determine whether they may have violated UK law by failing to take adequate steps to protect shoppers from fake reviews on their websites. According to the CMA, its investigation into Amazon and Google follows an initial probe that began in May 2020 and focused on assessing several platforms' internal systems and processes for detecting and dealing with fake reviews.

Tesla stock rose 5.3 percent on Wednesday and is up 3.54 percent on Thursday.

There are a couple of possible explanations for the big shift. Cars.com released its annual American-Made Index, which includes a list of the vehicles that contribute the most to the American economy. The Tesla Model 3 was at the top of the list. The Tesla Model Y came in third place.

If more than 200,000 cars are delivered in the company's second quarter deliveries, which are due in about a week, shares will rise.

Robinhood Markets Inc. advises users not to sell shares during the first 30 days after an initial public offering.

Investors who sell or "flip" their IPO shares may be barred from participating in future transactions for a period of two months. The new IPO platform from Robinhood is available to all customers, with no account limit restrictions.

Microsoft shows off its new Windows 11 operating system on Thursday.

It will let developers use in-app payment systems and pay no commissions to Microsoft. The changes amount to a clash of visions between Microsoft and Apple, the only other U.S.-listed company with a $2 trillion valuation.

Microsoft shares rose 0.56% while Apple fell 0.22% today.