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☆ CNBC Sport: Why television executives are freaking out over 2029
▼ + stars: | 2024-09-26 | by ( Alex Sherman | In Alex-Sherman | ) www.cnbc.com time to read: +1 min

A version of this article first appeared in the CNBC Sport newsletter with Alex Sherman, which brings you the biggest news and exclusive interviews from the worlds of sports business and media. Sources tell me the opt-out also affects "Sunday Ticket," the league's out-of-market package for which Alphabet's YouTube paid about $2 billion. That means that after the 2029 Super Bowl, the NFL has the right to completely rejigger the media landscape, if it so chooses. Five years is a lifetime in the media industry given the rapid pace of change. I don't think it's hyperbole to say 2029 could be the end of the modern media era.

Persons: Alex Sherman, NBCUniversal's Peacock, HBO Max, hadn't, it's Organizations: CNBC, Disney, YouTube, NFL, Paramount, HBO, Netflix, Google, Apple Locations: U.S

☆ Stocks making the biggest moves premarket: Alphabet, Tesla, Texas Instruments, Meta Platforms and more
▼ + stars: | 2024-07-24 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Tesla — Stock in the electric vehicle company sank about 9% after second-quarter earnings were weaker-than-expected. Texas Instruments — Stock in the chipmaker ticked up about 2% thanks to better-than-expected second-quarter earnings. Texas Instruments reported earnings of $1.22 per share while analysts polled by LSEG expected $1.17. Visa's $8.9 billion in revenue was slightly weaker than an estimated $8.92 billion from analysts polled by LSEG. Analysts polled by LSEG forecast $404 million.

Persons: LSEG, Goldman Sachs, Goldman, —, Alex Harring, Sarah Min, Jesse Pound Organizations: YouTube, . Texas, —, Texas, Garden Entertainment, Visa —, LSEG, FactSet, Capital, Meta, Seagate, Enphase Energy Locations: Madison

☆ CNBC Daily Open: Amazon enters $2 trillion club
▼ + stars: | 2024-06-27 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The yield on the 10-year Treasury rose as investors parse comments from Fed officials and await key inflation data due Friday. $2,000,000,000,000Amazon's market capitalization surpassed $2 trillion for the first time on Wednesday, joining the ranks of tech giants like Apple and Microsoft. YouTube dominanceAlphabet's YouTube, the pioneer of user-generated content, continues to dominate media consumption, now accounting for nearly 10% of all TV viewership in the U.S.

Persons: Annie Palmer, Elliott Management, Sanjay Mehrotra, Rich Greenfield, Piper Organizations: CNBC, Dow Jones, Nasdaq, Nvidia, Apple, Microsoft, Southwest Airlines, Delta, Micron, YouTube, Nielsen, Netflix, Media, Disney, Warner Bros Locations: Shein, U.S

☆ YouTube dominates streaming, forcing media companies to decide whether it's friend or foe
▼ + stars: | 2024-06-26 | by ( Alex Sherman | ) www.cnbc.com time to read: +15 min

But media companies such as Netflix, Disney and Warner Bros. Those competing truths have led media and entertainment companies to concoct a wide array of strategies to combat the growing threat. John Lamparski | Getty ImagesEarlier this year, YouTube Chief Executive Officer Neal Mohan announced that users watch more than 1 billion hours of YouTube content on TV screens each day. Disney has made bespoke YouTube content for its new preschool series "Disney Junior's Ariel," which debuts June 27, to introduce the mermaid character to kids. That's YouTube 2.0."

Persons: Rich Greenfield, it's, Tara Walpert Levy, Nielsen, John Lamparski, Neal Mohan, Michael Nathanson, Kevin Mayer, Disney, Brittany Broski, LightShed's Greenfield, isn't, John Keeble, Mayer, That's, Ariel, Winnie, " Mayer, NBCUniversal, NBCUniversal's, Nathanson, MrBeast, Jimmy Donaldson, Monica Schipper, we've, Broski, David Livingston, incentivizes, Michelle Khare, Gilbert Flores Organizations: Alphabet's YouTube, Hollywood, YouTube, it's, Netflix, Disney, Warner Bros, Getty, Google, Comcast, Media, ExCel, Entertainment, Bloomberg, Amazon, Nickelodeon, HBO, Penske Media Locations: U.S, —, York, Hollywood, London, That's, Los Angeles, Brittany, Anaheim , California, AdSense

☆ YouTube says it will block videos of Hong Kong protest anthem following court order
▼ + stars: | 2024-05-15 | by ( ) www.cnbc.com time to read: +2 min

Alphabet's YouTube on Tuesday said it would comply with a court decision and block access inside Hong Kong to 32 video links deemed prohibited content, in what critics say is a blow to freedoms in the financial hub amid a security clampdown. The action follows a government application granted by Hong Kong's Court of Appeal requesting the ban of a protest anthem called "Glory to Hong Kong." In comments criticizing the court order, YouTube said the ruling would raise skepticism around the Hong Kong government's work to foster the digital economy and reclaim its reputation as a predictable place for doing business. "If you start to send platforms 100 or 1,000 links for takedown every day, this will drive platforms crazy and also make global investors more worried about Hong Kong's free market environment. How predictable and how stable the policy environment is matters a lot to foreign investors, and Hong Kong is now at a crossroads to defend its reputation."

Persons: Hong Kongers, We'll, George Chen, Chen, Hong Organizations: YouTube, Hong, Appeal, U.S ., Asia Group, Washington DC, Meta Locations: Hong Kong, Hong Kong's, Washington, Greater China

☆ A major headwind for TikTok could be the ultimate tailwind for Meta's Facebook and Instagram
▼ + stars: | 2024-04-22 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

META mountain 2022-11-03 Meta's stock performance since Nov. 3, 2022, which marked its lowest close during its dramatic sell-off that year. In a recent Wedbush consumer survey, 60% of TikTok users who responded said either Facebook or Instagram were their top alternatives if TikTok were to be banned. That was followed by 19% of TikTok users who said they would go to YouTube. Meanwhile, Deutsche Bank said Meta's stock could see more upside in light of a potential TikTok ban. After initially being a drag on revenue, Meta has said Reels is now a positive contributor across its apps.

Persons: Jim, Joe Biden, ByteDance, Shou Zi Chew, TikTok, –, FactSet, monetization, Philipp Schindler, We'll, Jim Cramer's, Jim Cramer, Avishek Das Organizations: Facebook, Chinese Communist Party, CNBC, Street, Meta, YouTube, Google, Wedbush Securities, Deutsche Bank, Getty Locations: U.S, Washington, Ukraine, Israel, Taiwan, China

☆ Jim Cramer explains why you should hold on to Alphabet stock
▼ + stars: | 2024-04-08 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Monday explained why it's worthwhile for investors to keep Alphabet stock in their portfolios, lauding the continued success of its search business and company-owned YouTube. Cramer had decided to sell some stock for the CNBC Investing Club's Charitable Trust because he worried that new artificial intelligence query systems will eventually become an "existential challenge" to Google's search business. "We shall sell no more for the charitable trust ... . Cramer also praised Alphabet's YouTube business, which could be worth $423 billion, according to a January commentary from Needham's Laura Martin. Cramer also mentioned a Bloomberg story that pointed to the hold YouTube has over the younger generation.

Persons: CNBC's Jim Cramer, Cramer, It's, Needham's Laura Martin Organizations: CNBC, YouTube, Oppenheimer & Co, Bloomberg, Pew Research, TikTok's

☆ YouTuber sues Google Spain for alleged wrongful dismissal
▼ + stars: | 2023-11-23 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsMADRID, Nov 23 (Reuters) - A Spanish YouTuber is suing Google Spain, a unit of Alphabet Inc (GOOGL.O), for wrongful dismissal in a case that could set a precedent for content creators' labour rights, Spanish union UGT said on Thursday. Google Spain blocked Jota's YouTube channel "Último Bastión" (Last Stronghold) from earning advertising revenue in August. He said they had called on the court to classify Jota and YouTube's a labour relationship and his effective dismissal as "wrongful". Garcia and the union would not comment on the reasons for advertising revenue to his channel being cut. Google says that content creators are not employees and that in this particular case Jota's channel did not comply with YouTube monetisation policies.

Persons: Dado Ruvic, UGT, Bernardo Garcia, Garcia, Eduardo Magaldi, Emma Pinedo, Aislinn Laing, Mark Heinrich Our Organizations: REUTERS, Rights, Google, Alphabet Inc, YouTube, Reuters, Thomson Locations: Rights MADRID, Google Spain, Jota, Madrid, Spain, Europe

☆ Paramount's Shari Redstone is open for business, but business may not be open for her
▼ + stars: | 2023-10-22 | by ( Alex Sherman | ) www.cnbc.com time to read: +11 min

Paramount Global 's controlling shareholder is open to a merger or selling the company at the right price, according to people familiar with her thinking. Spokespeople for Redstone and Paramount Global declined to comment. Paramount Global's market value was below $8 billion as of Friday. Discovery could merge with Paramount Global, though putting together Warner Bros. and Paramount Pictures may hold up deal approval with U.S. regulators. Paramount Global isn't actively working with an investment bank on a sale, according to people familiar with the matter.

Persons: Shari Redstone, David A, CNBC Shari, Jon Miller, SpongeBob, Guggenheim, Michael Morris, Morris, Warren Buffett, Berkshire Hathaway, Bob Bakish, Bakish, Wells, Steven Cahall, Cahall, CNBC's David Faber, Lina Khan, Laura Martin, haven't, Simon, Simon & Schuster, Sumner Redstone, NAI, Jim Cramer Organizations: National Amusements, Paramount Global, Allen & Company Sun Valley, Grogan, CNBC, Paramount, Redstone, Integrated Media, Advancit, Paramount Pictures, CBS, MTV, Nickelodeon, Comedy Central, BET, Showtime, NFL, Champions League, Viacom, Berkshire, Paramount Global's, Tech, Apple, YouTube, National Football, Federal Trade, Big Tech, Comcast, NBC, Fox, Disney, Needham & Co, Netflix, Bain, Co, Warner Bros, Sky, Scripps, Discovery, Simon &, MSD Partners Locations: Sun Valley , Idaho, Los Angeles , California, U.S

Sundar Pichai, Chief Executive Officer of Alphabet, gestures as he speaks during a session of the 50th World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 22, 2020. REUTERS/Denis Balibouse Acquire Licensing RightsBRUSSELS, Oct 13 (Reuters) - EU industry chief Thierry Breton on Friday warned Alphabet (GOOGL.O) Chief Executive Officer Sundar Pichai to adhere to EU tech rules after the spread of disinformation on YouTube following Hamas' attacks in Israel, the latest company to be rebuked. False content about the Israel and Hamas conflict has proliferated on the major social media platforms over the past several days. According to Alphabet's YouTube, the company has quickly worked to remove harmful content after Hamas' attack and was prepared to take additional action. It has also rolled out a crisis resource panel in search with information from Israeli authorities for viewers in Israel.

Persons: Sundar Pichai, Denis Balibouse, Thierry Breton, Breton, Pichai, Elon Musk, Mark Zuckerberg, Shou Zi Chew, Foo Yun Chee, Sudip Kar, Gupta, Sheila Dang, Louise Heavens, Diane Craft Organizations: Economic, REUTERS, Rights, YouTube, Twitter, Digital Services, Google, DSA, Thomson Locations: Davos, Switzerland, Rights BRUSSELS, Israel, Dallas

☆ Here are Wednesday's biggest analyst calls: Apple, Tesla, FedEx, Match, Ford, Amazon, Microsoft and more
▼ + stars: | 2023-09-13 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's standing by its overweight rating after Apple's iPhone event Tuesday. F (Buy) earnings more resilient than appreciated driven by Pro business." Morgan Stanley reiterates Darden as overweight Morgan Stanley said it's bullish heading into the owner of Red Lobster's earnings next week. Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it's standing by its recent upgrade of the stock despite investor pushback. TD Cowen reiterates FedEx as outperform TD Cowen said it's cautiously optimistic heading into FedEx earnings next week.

Persons: Morgan Stanley, Apple, it's, BEV, Darden, Red, Commerce Max, Tesla, pushback, Michael Kors, Guggenheim, TD Cowen, Hershey, Cowen, Bernstein, Roth, Roth MKM, BTIG, Lennar, F3Q, Needham Organizations: JPMorgan, UBS, Ford, General Motors, Pro, Citi, Commerce, JPMorgan downgrades Oracle, WWE, UFC, Holdings, NYSE, Microsoft, FedEx, " Bank of America, Garden Entertainment, Bank of America, YouTube Locations: China, Capri, Lennar, GOOGL

☆ Phishing scams targeting small business on social media including Meta are a 'gold mine' for criminals
▼ + stars: | 2023-08-15 | by ( Ellen Sheng | ) www.cnbc.com time to read: +6 min

CNBC quarterly surveys of small business owners in recent years have indicated that many do not rate the risk of cyberattack highly, yet the FBI says that in recent years a wave of hacks has targeted small business. Small business owners say social media giants such as Meta have done little to help them address the problem. Malware can target victims through email phishing, browser extensions, ads and mobile apps and various social media platforms. According to SCORE, a nonprofit partly funded by the U.S. Small Business Administration, nearly half of small business owners cited social media as their preferred digital marketing channel. And social media accounts of small businesses are like a gold mine," said Joseph Steinberg, a cyber security privacy and AI expert, who sees small business social media accounts as "low hanging fruit."

Persons: it's, Pat Bennett, Pat's Granola, Bennett, hasn't, Pat Bennett Bennett's, Joseph Steinberg, Bryan Palma, Europol, Palma, Cai Dixon, Dixon Organizations: Facebook, Meta, CNBC, FBI, SCORE, U.S . Small Business Administration, YouTube Locations: Cleveland, Europe

☆ U.S. judge restricts Biden officials from contact with social media firms
▼ + stars: | 2023-07-04 | by ( ) www.cnbc.com time to read: +2 min

The U.K.'s Online Safety Bill, which aims to regulate the internet, has been revised to remove a controversial but critical measure. A U.S. federal judge on Tuesday restricted some agencies and officials of the administration of President Joe Biden from meeting and communicating with social media companies to moderate their content, according to a court filing. A White House official said the Justice Department was reviewing the order and will evaluations its options. The order also mentioned by name officials including Department of Homeland Security Secretary Alejandro Mayorkas and Jen Easterly, who heads the Cybersecurity and Infrastructure Security Agency, in its restrictions. U.S. officials have said they were aiming to tamp down misinformation about COVID vaccines to curb preventable deaths.

Persons: Joe Biden, Alejandro Mayorkas, Terry Doughty Organizations: U.S, Department of Health, Human Services, FBI, United, White, Justice Department, Department of Homeland, Infrastructure Security Agency, Western, Western District of, Washington Post, Republicans, Biden, Facebook, Twitter, YouTube Locations: Louisiana, Missouri, Western District, Western District of Louisiana

Budrul Chukrut | Lightrocket | Getty ImagesAt midnight on Tuesday, the moderators of the Reddit community r/Gaming decided to go dark. "We're talking hundreds of thousands of volunteers putting in hours a day to keep the site safe, entertaining and enjoyable for community members. As a private company, Reddit doesn't have to disclose its financials or provide revenue and profit projections. "You have a lot of people, both professionals and general community members, who are running the numbers on this," Croach said. Jacqueline Sheeran, known as "MCHammerCurls," is the head moderator of r/Fitness, which has more than 10 million members.

Persons: Budrul, Dacvak, Slack, weren't, Croach, Reddit, Christian Selig, Selig, Steve Huffman, Huffman, Horacio Villalobos, subreddits, they're, –, David DeWald, subreddit, Shane McCarthy, McCarthy, Meepster23, ModCoord, Omar, Jacqueline Sheeran, Sarah Gilbert, Gilbert, Huffman's, RamsesThePigeon, that's, there's Organizations: Lightrocket, Reddit, CNBC, Facebook, Twitter, YouTube, Google, Amazon, Yahoo, Microsoft, Corbis, NBC, Wall, NBC News, Cornell University, school's Citizens, Technology Locations: U.S, Lisbon, Portugal

☆ TikTok CEO says company at 'pivotal moment' as some U.S. lawmakers seek ban
▼ + stars: | 2023-03-21 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

WASHINGTON, March 21 (Reuters) - Chinese-owned short video app TikTok faces a "pivotal moment" as a growing number of U.S. lawmakers seek to ban the popular app over national security concerns, CEO Shou Zi Chew said. On Wednesday, TikTok creators and New York Representative Jamaal Bowman, a Democrat, will hold a press conference outside the U.S. Capitol to oppose a TikTok ban. Bowman described the push to ban TikTok as "fear mongering" in an interview with Reuters. On Friday, six more U.S. senators backed bipartisan legislation to give Biden new powers to ban TikTok. On March 1, the U.S. House Foreign Affairs Committee voted along party lines to give President Joe Biden new powers to ban TikTok.

☆ U.S. mulling a probe of deceptive advertising on social media
▼ + stars: | 2023-03-09 | by ( ) www.reuters.com time to read: +1 min

WASHINGTON, March 9 (Reuters) - The U.S. Federal Trade Commission is expected to vote next week on whether to send demands for information about deceptive advertising to eight social media and video streaming companies, the agency said on Thursday. The agency did not say which social media companies would receive the demands but said that the information would be used to determine what steps they have taken to detect and remove deceptive advertising from their platforms. Some of the biggest social media companies are Facebook and its subsidiaries Instagram and WhatsApp. Top video streaming platforms include Alphabet's YouTube and TikTok. The commissioners will also vote on issuing demands for information to five business credit reporting agencies, which were not named, regarding how they collect data and market their products.

☆ Pinterest shares plunge as much as 12% on fourth-quarter revenue miss and weak forecast
▼ + stars: | 2023-02-06 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +3 min

Pinterest shares sank as much as 12% after the company reported revenue that missed analyst expectations and issued a light forecast for the first quarter. Pinterest recorded net income of $17 million in the fourth quarter, but logged a net loss of $96 million for 2022. Its average revenue per user, or ARPU, for the U.S. and Canada region rose 6% in the fourth quarter to $7.60 from a year ago. Additionally, revenue in Alphabet's YouTube unit sank 8% year-over-year to $7.96 billion in the fourth quarter. Snap said its sales in the fourth quarter was slightly up year-over-year to $1.30 billion, which missed analyst expectations of $1.31 billion.

☆ Amazon's advertising business grew 19%, while Google and Meta both deal with slowdowns
▼ + stars: | 2023-02-02 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +2 min

Amazon's advertising business continues to grow despite a general slowdown in digital advertising, which has hurt companies like Google parent Alphabet, Facebook parent Meta and Snap. Indeed, while investors were pleased that Meta is cutting costs, sales in the company's fourth quarter dropped 4% year-over-year to $32.17 billion. Meta executives explained on Wednesday during a call with analysts that they don't see an immediate rebound in the digital advertising market coming anytime soon. Meanwhile, Alphabet on Thursday reported fourth quarter advertising revenues of $59.04 billion, a slowdown from $61.24 billion in the year-ago quarter. Alphabet's YouTube advertising unit, which faces competition from TikTok, brought in $7.96 billion in the fourth quarter, representing an 8% drop from a year ago.

☆ TikTok is laying off employees from its talent acquisition team
▼ + stars: | 2023-01-20 | by ( Dan Whateley | Sydney Bradley | ) www.businessinsider.com time to read: +3 min

TikTok has laid off employees on its human-resources team focused on talent acquisition and recruiting. The scale of TikTok's layoffs, which occurred earlier this week, wasn't immediately clear. TikTok initiated a new round of layoffs this week, letting go of staffers who worked in talent acquisition and recruiting at the company, according to two people familiar with the matter. A handful of people who identified themselves as TikTok employees also posted about the layoffs on LinkedIn. It's unclear whether TikTok's layoffs will impact its broader recruiting and talent acquisition strategy.

☆ Twitter lacks transparency in misinformation fight -French regulator
▼ + stars: | 2022-11-28 | by ( ) www.reuters.com time to read: +2 min

A spokesperson for Twitter in France did not immediately respond to messages seeking comment. The spokesperson has not responded to queries since Elon Musk's takeover of Twitter last month. Arcom has no power to sanction online platforms for the spread of false information. The 12 online platforms include Alphabet's YouTube, online encyclopaedia Wikipedia, Meta's Facebook and -- for the first time -- the fast-growing short-video platform TikTok, owned by China-based firm ByteDance. French laws also compel large online platforms to provide means to its users to report false information that could alter the potential outcome of an election.

☆ Elon Musk took over a struggling business with Twitter and has quickly made it worse
▼ + stars: | 2022-11-09 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +9 min

In this article TWTR Follow your favorite stocks CREATE FREE ACCOUNTThe Twitter profile page belonging to Elon Musk is seen on an Apple iPhone mobile phone. watch nowCompared to larger rivals Facebook and Google , Twitter never managed to develop an online ad business that matched the scale of its influence in popular culture and society at large. Twitter's revenue in the second quarter declined from a year earlier. Other opportunities are emerging, such as connected TVs and streaming services as well as Amazon's growing online ad business for retail-oriented companies, Tipograph said. González said she was willing to give Musk "the benefit of the doubt" when he told the group that Twitter was aligned with them.

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