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China's Media Crackdown Sends A Chill Through Its Tech Sector
11 monthes ago - By Forbes
China is going after some of its most successful media companies in latest crackdown, which suggests broadened censorship scope and a further tightening up of its online environment.
Read more ...Why Netflix Stock Jumped as Much as 8% to an All-Time High
11 monthes ago - By Fortune
Growth at big companies chasing mature markets is supposed to slow down. Think about wireless phones or cable TV. But that rule doesn't seem to apply to Netflix , at least not yet.
Even after more than 20 years in business, the world's biggest streaming video service experienced some of its fastest growth ever in the first quarter, helping to give its stock a big lift.
Netflix shares, which hit an all-time high of $333.98 last month before selling off in the recent stock market decline, jumped as much as 8% in after hours trading on Monday. That put the stock price just pennies below the...
Read more ...CEO Reed Hastings thinks Netflix is 'inoculated against' a potential regulatory crackdown on tech companies
11 monthes ago - By Business Insider
Regulators are talking seriously about imposing new regulations on Facebook and other big tech companies.
But Netflix CEO Reed Hastings thinks his company will be unaffected by a regulatory crackdown.
Unlike other tech giants, the streaming video company doesn't sell ads, and is much more of a media company, he argued on a conference call following Netflix's first-quarter earnings report.
Hastings sits on Facebook's board of directors.
In the wake of the Cambridge Analytica scandal and the Russian government's alleged attempt to influence the 2016 presidential election, policymakers in the...
Read more ...
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Nintendo's Labo: VR Kit is not Virtual Boy 2.0
Even the most successful tech company is going to have a stumble from time to time. Nintendo's 45 years in the video game industry is spotted with a few doozies, but none are...
Levi's spikes 31% as it returns to the public market
Levi Strauss & Co. is set to begin trading Thursday on the New York Stock Exchange. The blue-jean maker is returning to the public market after more than three decades. Its...
Nike slides after sales miss the mark
Julian Finney/Getty Images Nike shares slipped in after-hours trading on Thursday after the company's third-quarter revenue fell short of expectations. North American revenue...
Uber reportedly chooses the NYSE for IPO as competitor Lyft gears up to list...
Uber has chosen the New York Stock Exchange for its upcoming initial public offering , according to Bloomberg. The ride-hailing company is expected to publicly file for an IPO...
The new CEO of Intuit says the rise of artificial intelligence will be as...
Sasan Goodarzi stepped up as CEO of Intuit - the company behind products like Intuit and TurboTax - in January, replacing 11-year chief exec Brad Smith. Smith gets a ton of...
Facebook employees had unfettered access to hundreds of millions of users'...
Facebook employees had access to hundreds of millions of users' passwords - for years. Users' passwords were being stored in an unencrypted format, and reportedly were...
Best Buy's Tax Day sale is going on right now - save $400 on a 15-inch...
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Elon Musk just emailed every single Tesla employee saying car deliveries...
Tesla is racing to deliver cars before the end of the first quarter on March 31. Elon Musk told all employees in an email seen by Business Insider that deliveries should be...
Having a Delta credit card gets you priority boarding every time you fly the...
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Comcast just announced a $5-a-month streaming service called 'Flex'
Comcast announced it would launch a $5-a-month aggregation service for its broadband customers. Xfinity Flex works similarly to Roku and will let customers integrate other...