Netflix, Amazon and the Democratic Party are among those who vocally decried the FCC’s repeal of net neutrality regulations on Thursday. Netflix tweeted from the company’s official account — usually reserved for lighthearted banter with users and praise of its original content — to say the company “stands with innovators, large and small, to oppose […]
Read moreFamed short-seller Jim Chanos is putting Netflix and other entertainment content providers in his cross hairs. Though he hasn’t established a formal position yet, the head of Kynikos Associates sees opportunity as the competition heats up and cost starts becoming an issue. “We’re looking at all of them, let’s just say that, but one or […]
Read moreFamed short seller Jim Chanos took another shot at Tesla on Thursday, saying the company’s equity is worth nothing. “Let’s just say Tesla and Mr. Musk have a broad interpretation of the truth,” Chanos, founder of Kynikos Associates, told CNBC’s Kelly Evans. “There have been all kinds of announcements that this company has made … […]
Read more
Analysts are overshooting their expectations for four major semiconductor stocks. According to FactSet data, Advanced Micro Devices, Western Digital, Micron and Applied Materials are among the top S&P 500 stocks trading at the largest discounts to their average price targets. Those stocks are currently sitting a respective 42, 35, 31 and 27 percent below Wall […]
Read moreWith bitcoin‘s meteoric rise in value, some investors are wondering if using it to purchase another digital asset means they can delay paying taxes on their gains. Under the GOP tax bill expected to be voted on next week, the answer is no. Because the Internal Revenue Service views bitcoin as property rather than a […]
Read moreMinutes after the FCC voted in favor of rolling back net neutrality rules, New York Attorney General Eric Schneiderman said he will lead a multistate lawsuit against the “illegal rollback.” “The FCC’s vote to rip apart net neutrality is a blow to New York consumers, and to everyone who cares about a free and open […]
Read moreFacebook founder and billionaire CEO Mark Zuckerberg and his wife Priscilla Chan have promised to give away 99 percent of their Facebook shares to help charity via their philanthropic organization, the Chan Zuckerberg Initiative. Running the Initiative of course means working together. Though Warren Buffett says who you marry is crucial to success, working with […]
Read moreNew technologies and one-on-one instruction can fix the U.S. school system, Mark Zuckerberg and his wife Priscilla Chan said in a Facebook post describing the lessons they’ve learned about philanthropy in 2017. The online letter, which can be found in full here, also asserted that exceptional engineering talent and a long-term view makes the Chan […]
Read moreAmazon Prime growth is plateauing in the US, showing first signs of a slowdown in its oldest market, Morgan Stanley wrote in a note published this week. Prime, a paid membership program that gives free two-day shipping and access to other perks like online video and music, is important for Amazon because Prime members tend […]
Read moreThe FCC voted on Thursday to eliminate the Open Internet Order, better known as “net neutrality” regulations. The decision will give more power to internet service providers (ISPs) to set pricing and prioritize different types of internet traffic. “For those of you out there who are fearful about what tomorrow will bring, take a deep […]
Read more