Netflix joined the $100 billion dollar club on Monday night. Netflix gained far more customers than Wall Street expected during the holiday season, the company said on Monday, when it reported quarterly earnings that were in line with estimates. Shares jumped more than 8 percent after hours, pushing the market capitalization of the company above […]
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Saudi prince rejects criticism that it's overreached in Middle East conflicts
The former chief of Saudi Arabia’s intelligence services gave a full-throated defense of his country’s foreign policy Monday, speaking to CNBC at the sidelines of the World Economic Forum in Davos, Switzerland. Prince Turki al Faisal, who ran the Saudi kingdom’s intelligence agency from 1979 to 2001 and is an influential member of the Saudi […]
Read moreRupert Murdoch said on Monday that Facebook and Google have made “scurrilous” news sources popular, and that the U.S. tech giants should pay publishers if they want “trusted” content. “Facebook and Google have popularized scurrilous news sources through algorithms that are profitable for these platforms but inherently unreliable,” the News Corp. chairman said in a […]
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Saudi Arabia 'has always supported Lebanon positively,' deputy leader says
Saudi Arabia’s involvement in Lebanese politics — notably its political crisis of November 2017 — is simply a matter of “relationship ups and downs,” Lebanese Deputy Prime Minister Ghassan Hasbani said at the World Economic Forum on Monday. Speaking to CNBC in Davos, Switzerland, the deputy leader had far more positive things to say about […]
Read moreAs leading U.S. digital currency marketplace Coinbase struggles to handle accelerating consumer demand, the start-up has hired an executive from Twitter to improve customer support. Tina Bhatnagar, former vice president of operations and user services at Twitter, is joining the company, Coinbase co-founder and CEO Brian Armstrong announced Monday. Bhatnagar will be vice president of […]
Read moreGoogle and Facebook on Monday unveiled significant investments in France in a vote of confidence for the country’s thriving tech scene and President Emmanuel Macron’s push to lure foreign investment. The search group plans to open a new artificial intelligence center in France within weeks, its second in Europe after Zurich. The move is part […]
Read moreAround the world, there was a new billionaire every two days in 2017. That’s according to a report published Monday by the global charity Oxfam. The goal of the report, which is called “Reward Work, Not Wealth,” is to call attention to wealth inequality. There are 2,043 dollar billionaires in the world, the report finds. […]
Read moreI was a longtime Yahoo shareholder and consequently have followed co-founder Jerry Yang for a long time. He likes his privacy, though, and hasn’t granted many interviews over the years. So I was surprised when I found that he did a 90 minute podcast last week with GGV Capital’s Hans Tung and Zara Zhang. This […]
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Davos sees record attendance as CEOs want answers on geopolitics, KPMG says
Global auditing firm KPMG has highlighted geopolitical risk as the main issue occupying the minds of attendees at the World Economic Forum (WEF) in Davos, Switzerland. Bill Thomas, chairman of KPMG International, told CNBC on Monday that a survey of 1,300 chief executives had showed that geopolitical risk has risen right to the top of […]
Read moreWith Amazon narrowing its list of potential cities for its second headquarters last week, one Wall Street technology analyst believes he knows which of the remaining candidates have the inside track for the economically game-changing project. GBH Insights’ Daniel Ives predicts five cities out of the new list of 20 candidates have a better chance […]
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