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Month: October 2019

Why no streaming company will be able to dethrone Netflix

Netflix critics see mountains of debt and bleeding free cash flow. Opportunists see a company with the world’s best track record for beating the odds in disrupting traditional media. For investors, it could be a costly mistake to be on the wrong side of that debate, as Netflix stock’s 52-week low is $231 and the high is $385, a sizable spread for a $125 billion market-cap company. In the two weeks that followed the streaming company’s second-quarter earnings release in July, Netflix shed $24 billion in market value. The Los Gatos, Calif.-based company releases third-quarter results Oct. 16. Investors are…

Top Tech Stock News: 7 Things You Missed This Week

  1. Comcast to Restructure NBCUniversal Hierarchy Ahead of Peacock Launch Comcast is reshuffling its senior hierarchy ahead of Peacock’s launch date. The company recently announced that it is consolidating Universal Television and Universal Content Productions under a single business unit to be led by NBCUniversal cable’s chairman, Bonnie Hammer. Hammer will assume the title of Chairman for NBCUniversal Content Studios and will report to NBCU CEO Steve Burk. The reorganization is being carried out in preparation for Peacock’s launch, Comcast new streaming service, which is to be headed by Comcast Cable’s Matt Strauss. According to Burke, Hammer was chosen…

Governments won’t be able to stop Facebook and Google from abusive tracking on smartphones — but Apple could

Another day, another headline saying Alphabet’s Google and Facebook are being investigated for allegedly breaking privacy laws and engaging in anti-trust behavior. Google GOOG, +0.95% GOOGL, +0.98%  has been the subject of three antitrust investigations conducted by the European Union, resulting in more than $8 billion in fines. Now the company, which controls 31% of global digital ad dollars, will face the U.S. on anti-trust matters. A big question is if governments will be effective, as they may not understand how social-media and internet businesses operate. In April 2018, Congress tried to piece together how Facebook’s FB, +2.74%  platform works. It ended up being a disaster. Anyone who…

Top Tech Stock News: 7 Things You Missed This Week

1. Uber and Lyft Face Increasing Investor Skepticism After weeks of controversy and poor earnings, it’s no surprise that Uber and Lyft are now facing scepticism from investors. Uber shares recently closed at $29.15, whereas Lyft shares recently closed at $39.57, slightly below from their previous lows of $30.29 and $40.84 respectively. The new all-time lows represent the pessimistic sentiments of many investors, despite assurances from both firms that they will be able to bounce back from their various problems. However, both Uber and Lyft are not the only ones affected by the growing scepticism. Investors are also questioning the…