Netflix overwhelmingly beat its projections for new subscribers this quarter, an impressive feat considering that Q2 has traditionally been its slowest quarter for adding subscriptions. The company welcomed 5.2 million subscribers this past quarter, putting it at 104 million subscribers worldwide. The announcement on Tuesday widely exceeded the company’s estimate of 3.2 million. Q2 has […]
Read moreNetflix may have a challenge keeping the attention of its audience as more rivals release their own original content. According to data measurement firm Verto Analytics, people are watching Netflix less even as subscriber numbers grow. Average viewing time decreased 13 percent over the last quarter alone — 179 minutes per month in June compared […]
Read moreTesla added two new independent directors to its boards. The California electric car maker added Ebony Media CEO Linda Johnson Rice, and 21st Century Fox CEO James Murdoch to its board or directors. The news, which was confirmed by Tesla, was first reported by Dow Jones Monday. Some have criticized what they see as a […]
Read moreOnce again, Elon Musk is defending Tesla’s skyrocketing stock price — only this time he is rebutting himself. Musk said on Twitter Monday afternoon that his company’s shares are “obviously high on past and present, but low if you believe in Tesla’s future.” Musk Musk attached his tweet to a link of a story that […]
Read moreInvestors are watching Netflix‘s earnings report on Monday, as one of the first major technology companies will report its progress in battling growing competition from Amazon. – EPS: 16 cents per share, adjusted, expected by a Thomson Reuters consensus estimate – Revenue: $2.76 billion expected by a Thomson Reuters consensus estimate – User growth (net […]
Read moreAround 9 a.m. eastern time on Monday, Shawn Van de Vyver, a dentist in Michigan, went to CoinDash’s website to check out the project’s initial coin offering — a new way that cryptocurrency start-ups are raising money. Van de Vyver has been building computers and websites for 20 years and started studying bitcoin when it […]
Read moreA U.S. federal appeals court on Monday upheld nondisclosure rules that allow the FBI to secretly issue surveillance orders for customer data to communications firms, a ruling that dealt a blow to privacy advocates. A unanimous three-judge panel on the 9th U.S. Circuit Court of Appeals in San Francisco sided with a lower court ruling […]
Read moreElon Musk lives what most would consider an insanely intense life. He’s currently a self-made billionaire 15 times over. And at 46, he’s the CEO of both electric carmaker Tesla and space exploration company SpaceX. He’s also the co-founder and chairman of artificial intelligence research non-profit OpenAI. In just the last year, hestarted Neuralink to […]
Read moreThe U.S. Transportation Security Administration said on Monday it had lifted a ban on passengers on Saudi Arabian Airlines carrying large electronics like laptops onboard U.S.-bound flights, the last carrier under the restrictions. In March, U.S. officials imposed restrictions on passengers carrying laptops and other large electronic gear in cabins on nine airlines, most of […]
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Oil production from several U.S. shale regions is expected to keep on rising in August, the U.S. Energy Information Administration forecast on Monday. The EIA’s latest drilling productivity report projects that drillers operating the nation’s shale oil fields will increase production by 113,000 barrels a day next month. Total output from these areas is expected […]
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