From the top ropes, TKO stock hits an all-time high

WWE parent TKO closed up more than 6% today, reaching an all-time high after Guggenheim analyst Curry Baker upped his price target on the stock to $170 from $142.

WWE’s move to Netflix is holding up, ratings-wise: its January 13 episode was watched by about 4 million viewers. That’s about 2 million fewer viewers than its debut episode earlier this month, but still significantly higher than its viewership totals over the past six years on basic cable.

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Smartphones are 12% cheaper than last year, according to the latest inflation data... except they’re not

Phones are one of a few important categories that get quality, or “hedonic,” adjustments in the Consumer Price Index — which make their price go down in the official statistics.

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Texas sues Netflix, accusing streamer of spying on children and collecting user data without consent

The state of Texas filed a lawsuit Monday against streaming giant Netflix, alleging that the company has built a “behavioral-surveillance program of staggering scale.”

The suit alleges that Netflix is “deceptively designed” to be addictive, using features like autoplay to get viewers hooked, “mining those users for data, and then converting that data into lucrative intelligence for global advertising juggernauts.”

“When you watch Netflix, Netflix watches you,” the lawsuit reads.

“This lawsuit lacks merit and is based on inaccurate and distorted information,” Netflix said in a statement to Sherwood News. “Netflix takes our members’ privacy seriously and complies with privacy and data‑protection laws everywhere we operate.”

Texas is seeking civil penalties of “up to $10,000 per violation” of the Texas Deceptive Trade Practices-Consumer Protection Act, along with an additional penalty of up to $250,000 per violation involving a consumer aged 65 or older.

“Netflix is not the ad-free and kid-friendly platform it claims to be. Instead, it has misled consumers while exploiting their private data to make billions,” said Texas Attorney General Ken Paxton in the press release announcing the lawsuit.

Netflix did not immediately respond to a request for comment.

Attorney General Ken Paxton Sues Netflix for Spying on Texas Kids and Consumers by Illegally Collecting Users’ Data Without Their Knowledge or Consent

Netflix did not immediately respond to a request for comment.

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Dunkin’ is going public again — this time with an entire restaurant empire in tow

The doughnut chain’s parent company filed for an IPO last week.

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Higher prices, lower sales: Video game giants forecast the impact of the memory crunch

Video game console makers addressed the memory pricing surge this quarter.

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Duolingo’s business was supposed to soar with AI — now it’s getting its wings clipped

The language-learning app’s shares have plunged almost 80% in the past year.

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