Technology
Netflix, once the great disruptor, is now taking ideas from the industry it upended to jumpstart growth
Reed Hastings, co-founder and chief executive officer of Netflix Inc., during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, Oct. 18, 2021. Kyle Grillot | Bloomberg | Getty Images In the foreword to Hamilton Helmer’s “7 Powers: The Foundations of Business Strategy,” published in 2016, Netflix co-founder and co-CEO Reed Hastings […]
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Elon Musk to address Twitter employees for first time in town hall
SpaceX founder Elon Musk looks on at a post-launch news conference after the SpaceX Falcon 9 rocket, carrying the Crew Dragon spacecraft, lifted off on an uncrewed test flight to the International Space Station from the Kennedy Space Center in Cape Canaveral, Florida, March 2, 2019. Mike Blake | Reuters Elon Musk will speak to […]
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Here are Tuesday’s biggest analyst calls: Coinbase, Apple, Amazon, Best Buy, Netflix, Tesla & more
Here are Tuesday’s biggest calls on Wall Street: Benchmark downgrades Netflix to sell from hold Benchmark said in its downgrade of the stock that it’s “skeptical” of a sustained a Netflix recovery. “We have made mild estimate revisions off continued U.S. dollar strength, including vs. the yen and European currencies, that is likely not fully […]
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Oracle shares rise on better-than-expected earnings report
Safra Catz, then co-chief executive officer of Oracle Corp., speaks during the Oracle OpenWorld conference in San Francisco on Sept. 20, 2016. David Paul Morris | Bloomberg | Getty Images Oracle shares rose almost 9% in extended trading on Monday after the database software company issued fiscal fourth-quarter results that exceeded analysts’ estimates. Here’s how […]
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Amazon says it will begin delivering packages by drone in California later this year
Amazon Prime Air drone Source: Amazon Amazon said Monday it will begin to deliver products using Prime Air drones in Lockeford, California, later this year. It’s the first time the company plans to use drones for customer deliveries in the United States. The company received approval in 2020 from the Federal Aviation Administration to fly […]
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Binance pauses bitcoin withdrawals due to a ‘stuck transaction’ as crypto sell-off deepens
The logo of cryptocurrency exchange Binance displayed on a smartphone with the word “cancelled” on a computer screen in the background. Budrul Chukrut | SOPA Images | LightRocket via Getty Images Binance said Monday that it is temporarily pausing bitcoin withdrawals “due to a stuck transaction causing a backlog.” At first, Binance founder and CEO […]
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Coinbase plunges more than 20% as bitcoin dives
The logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, U.S., April 14, 2021. Shannon Stapleton | Reuters Coinbase shares are down more than 20% in pre-market trading Monday. Coinbase makes a commission when people buy and sell cryptocurrencies. […]
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Tesla fires Singapore country manager after Elon Musk warns of job cuts
Christopher Bousigues, the Singapore country manager from Tesla, said that his role has been cut as part of a global reduction in the electric carmaker’s workforce. Bousigues said he was responsible for launching the Model Y in Singapore. Bing Guan | Bloomberg | Getty Images Tesla has laid off its Singapore country manager just over […]
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Bitcoin briefly drops below $25,000 as $150 billion wiped off crypto markets over the weekend
Bitcoin and other cryptocurrencies fell sharply as investors dump risk assets. A crypto lending company called Celsius pausing withdrawals for its customers, sparking fears of contagion into the broader market. Nurphoto | Nurphoto | Getty Images Bitcoin tumbled below $25,000 late on Sunday, hitting its lowest level since December 2020, as investors dump crypto amid […]
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Chinese automakers want to bring assisted driving to the masses
Jidu, Baidu’s electric car venture alongside Geely, revealed its first concept car on June 8, 2022. Baidu BEIJING — As Chinese companies race for a slice of the world’s largest car market, they’re betting heavily on assisted driving technology. China sold nearly 21.5 million passenger cars last year. That’s roughly the equivalent of sales in […]
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