Netflix now says it will spend $7 billion to $8 billion on content in 2018, pushing expectations ever higher in the cut-throat content business. Netflix content chief Ted Sarandos told Variety in an August article that Netflix would spend $7 billion on content next year — up from more than $6 billion over the past […]
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A famed Wall Street investor behind what may become the largest digital assets investment fund is moving deeper into the world of digital coins. Former Fortress hedge fund manager Michael Novogratz agreed on October 4 to join the board of advisors at a new token exchange project. The news has not been previously reported and […]
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The largest U.S. bank is investing in the blockchain technology behind bitcoin, despite its CEO calling the digital currency a “fraud.” In September, JPMorgan Chase Chairman and CEO Jamie Dimon said bitcoin is a “fraud” that “won’t end well.” Dimon added Friday that if people are “stupid enough to buy” bitcoin, they will pay the […]
Read moreTwo of the best-known names in the smartphone hardware business are squaring off in court over new technology that allows phones to connect to devices like cameras without wires or metal connectors. Privately owned Keyssa, backed by iPod co-creator Tony Fadell is suing Essential Products, a smartphone startup founded by Andy Rubin, the co-creator of […]
Read moreNvidia shares will rally because of the growth of the technology industries that use its chips, according to one Wall Street firm. Mizuho Securities reiterated its buy rating for the chipmaker’s shares and raised its price target, citing solid pricing for its graphics processing units, which are used in the digital currency and graphics card […]
Read moreNetflix is scheduled to report its quarterly earnings shortly after the closing bell Monday. Estimated revenue: $2.97 billion, according to a Thomson Reuters consensus estimate Estimated EPS: 32 cents, per a Thomson Reuters consensus estimate Estimated subscriber net ads: 4.5 million, according to Factset The company’s Q3 projections for revenue and EPS were in line […]
Read moreEven as he is building the infrastructure for multiplanitary life and aiming to accelerate the electric vehicle revolution (among his other ventures), billionaire tech titan Elon Musk showed he has a sense of humor. Sprinkled through a technical Reddit chat about SpaceX on Saturday, Musk made a handful of jokes indicating his playful side. “We […]
Read moreThe only way to create prosperity is to do more with less. In economic terms, an increase in productivity is an increase in the amount or quality of output generated for each unit of input. Jobs do not make society wealthier – productivity does. The original example of an industry that has learned to do […]
Read moreEvery day there’s more news about the inevitable arrival of autonomous vehicles. At the same time, more people are using ride-hailing and ride-sharing apps, and the percentage of teens getting their driver’s license continues to decline. Given these technologies and social changes, it’s worth asking: Should Americans stop owning cars? We’ve conducted an analysis of […]
Read moreDisclosure: Affiliates controlled by the writer of this column have a long position in Netflix. Netflix is knocking on the door of $200 a share ahead of its Q3 earnings report on Monday afternoon. Its market cap is greater than Time Warner‘s. And Wall Street is excited about its announcement this week that it’s raising […]
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