Smart Money Stocks

Why Netflix’s co-founder said ‘no’ to selling to Amazon

Marc Randolph - Netflix's co-founder and first CEO - details a fateful meeting with Amazon's Jeff Bezos in 1998 that almost changed the course of technology and media.

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  Netflix winning over Emmy Awards voters, but faces fierce streaming fight

  Yahoo Finance
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  Amazon employee on climate strike: Tech firms have 'been complicit for too long'

  Yahoo Finance

Amazon employee on climate strike: Tech firms have 'been complicit for too long'

Amazon and Google employees hit the streets to pressure tech giants to do more to fight climate change.

Changing Streaming Landscape Spells Trouble for Hulu

The online streaming landscape was once owned by a few companies, largely Netflix and Hulu, but each of which offered a different type of content.

Netflix CEO Sees “A Whole New World” of Streaming

Netflix (NFLX) used to dominate the SVOD streaming services market. It was a leader with few competitors and a subscriber base of over 150 million.

What Netflix CEO Thinks about Apple, Disney, and NBC

According to Reuters, Netflix CEO Reed Hastings (NFLX) said companies like Disney (DIS) and Apple (AAPL) will boost already rising production costs.

Fed Rate Cut Impact: Investors Should Worry

President Trump is not happy with the present Fed rate cut. He wants the cutback to be higher. So high that the interest rates are negative.

ETFs in Focus as Netflix Bags Global Rights for Seinfeld

Netflix boosts its content portfolio with the new show. We highlight the ETFs that can gain from this move.

Snapchat's Comeback Story

Snapchat is making a comeback in a big way with a resurgence in user growth and ARPU's continuing to raise.

Nike (NKE) Q1 2020 Earnings Preview: North America, China and More

Nike (NKE) is set to report its first-quarter fiscal 2020 financial results after the closing bell on Tuesday, September 24. So let's see what investors should expect from the sportswear powerhouse...

Amazon’s Rivian Deal: Is the Musk-Bezos Rivalry in Play?

Jeff Bezos announced that Amazon had placed an order of 100,000 electric delivery vans from Michigan-based startup Rivian.

Facebook suspends 'tens of thousands' of apps in privacy review

Facebook said Friday it suspended "tens of thousands" of apps on its platform as a result of a privacy practices review launched following a scandal involving Cambridge Analytica. The review started in 2018 after revelations that the political consultancy hijacked personal data on millions of Facebook users, and it included attorneys, external investigators, data scientists, engineers, policy specialists and others, according to a Facebook statement. The suspensions are "not necessarily an indication that these apps were posing a threat to people," said vice president of partnerships Ime Archibong, adding that some developers "did not respond to our request for information." Archibong said the investigation "has addressed millions of apps.

3 Dividend-Paying Tech Stocks for Income Investors to Buy Right Now

We searched for strong tech companies that also pay a dividend, utilizing our Zacks Stock Screener. These three tech stocks should remain attractive to investors even during a potential market downturn...

Roku Unveils Streaming Devices Roku Express & Roku Ultra

Roku (ROKU) launches new devices that are expected to strengthen its footprint in the increasingly crowded video-streaming space.

House intel chief says Facebook working on election threats

The head of the House Intelligence Committee said Friday he has been assured by the CEO of Facebook that the company is working on ways to prevent foreign actors from disrupting next year's elections. Rep. Adam Schiff of California met with Mark Zuckerberg and said the Facebook CEO showed a deep awareness of the threat to the elections from so-called "deep fake" videos and other technically advanced tools. Schiff told reporters Facebook is "in the process of developing what I hope will be very strong policies on this.

Fed Rate Cut: Why Cooperman Feels It’s Unnecessary

Some prominent market personalities, such as Leon Cooperman, chair and CEO of Omega Advisors, feel that the Fed's rate cut decision was unnecessary.

StockBeat: Roku Shares Clobbered as Analyst Says Sell

Investing.com - Roku shares were hit hard Friday after a Wall Street analyst rated the stock a sell and slapped it with a $60 price target.

Facebook suspends thousands of apps but user impact unclear

Facebook said Friday that it has suspended "tens of thousands" of apps made by about 400 developers as part of an investigation following the Cambridge Analytica scandal. The announcement came the same day that unsealed legal documents in Massachusetts disclosed that Facebook had suspended 69,000 apps. In the vast majority of cases, however, the suspensions came not after any kind of serious investigation but because app developers had failed to respond to emailed information requests.

Facebook suspends tens of thousands of apps in response to Cambridge Analytica row

The suspended apps are associated with about 400 developers, Facebook said, adding that it is not necessarily an indication that these apps were posing a threat to users. The FTC privacy probe was triggered last year by allegations that Facebook violated a 2012 consent decree and inappropriately shared information of 87 million users with British political consulting firm Cambridge Analytica. Facebook has since agreed to boost safeguards on user data and has put curbs on the amount of information that third-party developers can request from platform users.

Stocks drop after China cancels Montana farm trip

A slide in markets Friday, after a low-level Chinese delegation abandoned plans to visit the Montana farmland. That was enough to spark fear among investors that trade talks between the U.S. and China aren't going well, despite reassurances from President Trump, who said negotiations were ongoing. The Dow slid 159 points, while the S&P 500 and Nasdaq moved lower. It was a busy day for Facebook. CEO Mark Zuckerberg wrapped up his three-day trip to Washington, but there were few indications he won over anyone on Capitol Hill. Lawmakers are mulling over the idea of tightening the regulatory screws. Mercadien Asset Management President Ken Kamen. SOUNDBITE (ENGLISH): MERCADIEN ASSET MANAGEMENT PRESIDENT KEN KAMEN, SAYING: "Zuckerberg is on capitol hill to almost beg for the industry's benefit to start getting some regulations so they can get guardrails to know what they can and cannot do. Because now there are so many things that social media is changing in our society, in the world, in our economics, how we live or lives, and you can throw a dart and hit anything that they are doing wrong. So I think that the industry in general is looking to get some guidelines." Facebook is grappling with federal and state investigations over numerous issues ranging from anti-competitve behavior to privacy concerns. On that issue, Facebook announced it has suspended tens of thousand of apps as a result of the probe it's been conducting since the Cambridge Analytica scandal revealed it handed over users' data without permission. Walmart has decided to stop selling e-cigarettes and vaping products at its stores, according to an internal email seen by Reuters. Vaping products have come under scrutiny after reports of vaping-related illnesses and some deaths.