Facebook, Twitter and Alphabet-owned YouTube went before Congress again Tuesday to address claims of conservative bias, and at least one Democratic representative thought it was ridiculous. “So let me just ask some very basic questions so the American public understands what a dumb hearing this entire hearing is,” said Ted Lieu, a Democratic representative from […]
Read moreShares of Amazon rebounded Tuesday afternoon after a report said Prime Day sales on the e-tailer’s third-party marketplace were up nearly 90 percent during the first 12 hours of the event from a year ago. That’s according to Feedvisor, an algorithmic pricing and business intelligence platform for online retailers, which monitors purchases made on Amazon’s […]
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Apple and a growing network of hospitals and doctors’ offices will now let you import your health history right into your iPhone. We’ll show you how. First, some background. Apple is trying to fix a longstanding problem in health care. Most hospitals and clinics have an electronic health record provider, which includes a “portal” that […]
Read moreIs the market rally over now that Netflix’s momentum is slowing? You can hear the bears and short sellers licking their chops already: Netflix’s miss on new subscribers means further gains are doubtful not just for FAANG stocks, but even the S&P 500. The bears’ logic goes like this: Most of the gains in the […]
Read moreNetflix‘s weak subscribers numbers debunked the “sky’s the limit” theory surrounding the stock, and now investors are taking profits, CNBC’s Jim Cramer said Tuesday. Shares of Netflix were tanking about 8 percent in midmorning trading Tuesday after the streaming giant reported membership growth numbers that came in below analyst forecasts. But so far in 2018, […]
Read moreThough subscriber rates are slowing, Netflix may have another area of growth: Getting people to spend more time watching its content. “We’re still a small fraction of every society’s overall viewing,” Netflix CEO Reed Hastings said on a call with investors on Monday. “So I think there’s still room to go there.” Shares of Netflix […]
Read moreWall Street analysts believe the so-called “FANG” stocks — Facebook, Amazon, Netflix and Google-parent Alphabet — are set for significantly slower price growth over the next year than investors have grown accustomed to from the bull market momentum leaders. CNBC looked at the average 12-month stock price forecast for each FANG member and calculated the […]
Read moreRoku shares will turn around after a disappointing start this year, according to KeyBanc Capital Markets The firm raised its price target to $54 from $44 for Roku shares, representing 12 percent upside to Monday’s close. The firm reiterated its overweight rating for the company, citing positive data from a consumer survey. The company sells […]
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Amazon‘s website suffered a massive glitch during the worst time possible: the start of Prime Day, its largest shopping event of the year. And it lasted for hours. As traffic funneled to Amazon.com Monday at 3 p.m. ET, the start of Prime Day, looking for deals, most users with were greeted with images of dogs […]
Read moreNetflix is on pace for its worst day in two years, down roughly 10 percent following a big miss on subscriber growth. Shares fell as low as $344 in the first half hour of trading Tuesday before paring some losses. The stock closed Monday at $400.48, making for the stock’s biggest single-day drop since July […]
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