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☆ Netflix's expected password-sharing crackdown puts college students on edge
▼ + stars: | 2023-03-08 | by ( Noah Sheidlower | ) www.cnbc.com time to read: +9 min

Sam Figiel, a sophomore at Mercer University in Georgia, said access to Netflix is required for many of his peers' classes. Yet the gradual password-sharing changes have created uncertainty for college students who might not have, or want to spend, disposable income for their own subscriptions. People in the 18-to-34 age group, which accounts for 30% of all Netflix users, are more likely to exchange passwords than older viewers. "There are a lot, lot, lot of U.S. users that are not paying for it, and so I think they're very sensitive to the backlash that they're going to get when they institute this," Nollen said. Staying or leavingEven if the cost of a subscription could rise for borrowers, some college students think Netflix is too important to give up.

☆ Olaplex fights back against lawsuit accusing the buzzy brand of causing hair loss
▼ + stars: | 2023-02-16 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +4 min

Olaplex, facing a new lawsuit over its hair products, said tests show its products are safe. The brand, a staple in TikTok hair care routines, posted "third-party" test records on its website. "As such, there is no induced inflammation to the hair follicle, which is the primary cause of hair loss." The test reports that Olaplex posted were issued by a number of laboratories including BioScreen Testing Services Inc., Consumer Product Testing Company, and Brazil-based Allergisa Pesquisa Dermato Cosmética Ltda. A representative for Olaplex said on Wednesday that the HRIPT reports are "industry standard and reflect the use of Olaplex products under real world conditions."

☆ Indian index hasn't suffered that much from Adani fallout, Mark Mobius says
▼ + stars: | 2023-02-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndian index hasn't suffered that much from Adani fallout, Mark Mobius saysMark Mobius of Mark Mobius Capital Partners discusses the crisis the Adani Group faces and what it means for international markets as well as India's.

☆ Anthony Scaramucci compared Sam Bankman-Fried to Bernie Madoff, and alluded to Dante's 'Inferno' as he discussed the FTX founder's downfall
▼ + stars: | 2023-01-17 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Anthony Scaramucci spoke about his relationship with Sam Bankman-Fried at a Davos crypto panel. Scaramucci alluded to the circles of hell in Dante's "Divine Comedy" and compared SBF to Bernie Madoff. FTX bought 30% of SkyBridge Capital for $45 million in September 2022. The Financial Times reported that SkyBridge Capital also bought $10 million of FTX's cryptocurrency, FTT, as part of the deal's requirements. "I made a mistake being involved with Sam," Scaramucci said.

☆ Treasury's financial stability watchdog says fraud is rampant in crypto markets
▼ + stars: | 2022-12-16 | by ( Chelsey Cox | ) www.cnbc.com time to read: +2 min

The crypto currency market is rife with fraud, failures to comply with existing laws and big swings in volatility, but the recent implosion of digital currency exchange FTX hasn't hampered the broader financial system, according to a report released Friday by Treasury's Financial Stability Oversight Committee. The committee, which was created after the financial crisis to identify looming risks to the financial system, reiterated its call for Congress to pass legislation that allows U.S. regulators to police spot markets for crypto assets that aren't securities. The group uses data from the Consumer Financial Protection Bureau, the Federal Trade Commission and the Securities and Exchange Commission, among other agencies, to spotlight fraud in crypto. The committee warned that this could rapidly change if participants in the crypto and traditional financial systems continue to devise ways to overlap, therefore increasing the urgency for more regulatory oversight. Traditional banks, for instance, hold stablecoin as part of their reserve assets, retail investors are increasingly using leverage to trade crypto currencies and crypto has also become more widely available through some traditional financial service companies.

☆ Warner Bros. Discovery's new streamer could keep the name HBO Max as execs wrestle over pricing, timing, and content mix
▼ + stars: | 2022-12-16 | by ( Lucia Moses | ) www.businessinsider.com time to read: +4 min

Discovery is considering the name "HBO Max" as well as "Max" for its forthcoming streamer. They're also debating how to effectively promote all the Discovery and HBO content on one platform. Discovery is still debating the name for its forthcoming streaming app that will combine Discovery+ and HBO Max. Execs are mindful that HBO Max ad-free subscribers are already paying at the top of the market while Discovery+ subscribers pay significantly less. WBD has been preparing for the new streamer launch by moving some Discovery+ content to HBO Max.

☆ Ad campaigns on Netflix's cheaper ad-supported tier have missed targets and the streamer is letting advertisers take their money back
▼ + stars: | 2022-12-15 | by ( Lucia Moses | ) www.businessinsider.com time to read: +5 min

Some advertisers' campaigns on Netflix's new ad-supported tier have fallen significantly short of expectations. The streamer was aggressive in signing on advertisers but didn't market the tier with viewers before launch. One month into Netflix's launch of a cheaper, ad-supported tier, it's running into some growing pains. Netflix is letting advertisers take money back after some ad campaigns fell short of their viewer targets, with some delivering around 70% of their estimated targets while others hit as little as half that, according to multiple ad agency execs. Netflix estimated the ad tier would have 40 million viewers by late 2023, the Wall Street Journal reported.

☆ NBA roundup: Celtics set team record with 27 treys
▼ + stars: | 2022-11-06 | by ( ) www.reuters.com time to read: +7 min

Every Celtics player who took the court Saturday hit at least one 3-pointer, and they went 27-for-51 on treys. The 27 3-pointers were two more than the previous team record, set against the Philadelphia 76ers on Feb. 15, and two shy of the NBA record, set by the Milwaukee Bucks against the Miami Heat on Dec. 29, 2020. Brown finished with 30 points and Tatum had 26 as the Celtics won both ends of a back-to-back set. Julius Randle scored 29 points and RJ Barrett had 27 for the Knicks, who were also trying to win on back-to-back nights. Terry Rozier scored 25 points and Kelly Oubre Jr. added 18 for the Hornets.

☆ Warner Bros Discovery reports underwhelming revenue, says new streaming service coming earlier
▼ + stars: | 2022-11-03 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +4 min

Discovery reported its third-quarter earnings on Thursday, missing analyst expectations, as it felt the effects of a tough advertising environment and costs associated with its post-merger restructuring. CEO David Zaslav also announced that the merged version of the company's HBO Max and Discovery+ streaming services will be coming in the spring, earlier than the previously announced summer release date. Here's what the company reported compared with analysts' expectations, according to Refinitiv:Revenue: $9.82 billion vs. $10.36 billion expectedThe company reported a loss per share of 95 cents, citing macroeconomic headwinds, particularly in advertising. Discovery is the result of a merger between AT&T's WarnerMedia and Discovery, which was completed earlier this year. Industry peer Paramount Global reported earnings on Wednesday, also missing analyst estimates as its TV and advertising revenue fell.

☆ Monkeypox may spread before symptoms appear, study suggests
▼ + stars: | 2022-11-02 | by ( Aria Bendix | Aria Bendix Is The Breaking Health Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +6 min

From the start of the global monkeypox outbreak, researchers have hoped that people could only spread the virus once they developed symptoms. In addition to painful lesions, monkeypox symptoms can include fever, chills, swollen lymph nodes, headaches, muscle aches, back pain and fatigue. The study is the first to demonstrate that poxviruses, which include both monkeypox and smallpox, can spread in this manner. Past research suggested that asymptomatic and pre-symptomatic transmission of monkeypox was possible, but only symptomatic transmission had been documented. With this new observation about pre-symptomatic spread, Freeman said, it may be impossible to reach a point of zero cases.

☆ Netflix made huge bets on animation, hiring top talent, but insiders say the streamer neglected marketing and didn't deliver what kids want: 'Where are the farts?'
▼ + stars: | 2022-10-21 | by ( Lucia Moses | Elaine Low | ) www.businessinsider.com time to read: +7 min

The streamer didn't market its kids content enough and didn't pay attention to what children like, insiders said. Netflix hasn't been alone in dialing back on kids animation. "They had these grand plans to make a ton of animation and were going to throw a lot of money at it," said a former Netflix animation exec. But they didn't understand kids and they didn't understand animation," said a separate high-level animation programming executive. Animated series offshoot "The Boss Baby: Back in Business" is technically a Netflix original as it premiered on the streamer.

☆ Netflix will start charging for password sharing in early 2023, potentially adding up to $3 for each additional user
▼ + stars: | 2022-10-19 | by ( Bethany Biron | ) www.businessinsider.com time to read: +3 min

Netflix will begin charging for password sharing beginning in early 2023. The "extra member" feature will allow additional users to have their own sub-account for a fee. The streaming giant announced on Tuesday it officially will begin charging for account sharing early next year, after hinting at a crackdown in recent months. The move comes as other streaming companies begin identifying ways to prevent and limit password sharing. According to a March survey from the Leichtman Research Group, an estimated one-third of US Netflix subscribers currently share their log-ins.

☆ Netflix and Disney+ subscribers are eager for cheaper plans with ads, a new survey found. Here are 3 takeaways that can help the streamers lure more viewers.
▼ + stars: | 2022-10-18 | by ( Lucia Moses | ) www.businessinsider.com time to read: +4 min

A new survey shows about half of Netflix and Disney+'s current subscribers are open to a cheaper version with ads. Here are more key takeaways:5 minutes is the sweet spot for adsFor Netflix specifically, subscribers were asked about their tolerance for ads. A Kagan analysis "suggests that a sizable number of new and existing subs for both Netflix and Disney+ will opt for ad-supported tiers." Older, less affluent users are more interested in ads versionThose most interested in Netflix's ad version skew older and less affluent, Samba TV and HarrisX found. There's high potential interest among non-subscribersThe Samba TV-HarrisX survey also found broad interest in Netflix and Disney+ with ads among non-subscribers.

☆ A SpaceX engineer was knocked unconscious in January and placed in coma after conducting a routine rocket test
▼ + stars: | 2022-10-18 | by ( Kate Duffy | Sam Tabahriti | ) www.businessinsider.com time to read: +4 min

A SpaceX engineer was injured while testing a rocket part, leaving him in a coma for months, sources say. The regulatory agency fined SpaceX more than $18,400 over two safety violations from the accident. OSHA fined SpaceX more than $18,400 over two safety violations from the accident in January. The attorney of Cabada told Semafor that an investigation into what caused the accident was underway. Semafor reported that former employees said SpaceX hasn't made a public announcement about the accident.

☆ How Netflix and Disney+ with ads could swipe current subscribers from the streamers' higher-priced services
▼ + stars: | 2022-09-28 | by ( Lucia Moses | ) www.businessinsider.com time to read: +3 min

Netflix and Disney+ face a big question of how many people will subscribe to their ad-supported tiers. A new survey shows about half of each service's current subscribers are open to a cheaper version with ads. There's strong interest in Netflix and Disney+ with ads, a new survey from Samba TV with HarrisX found, with nearly half of each service's current subscribers saying they'd consider making the switch. Those most interested in Netflix's ad version skew older and less affluent, Samba TV and HarrisX found. The Samba TV-HarrisX survey also found broad interest in Netflix and Disney+ with ads among non-subscribers.

☆ FedEx inflamed recession fears. These are our least economically sensitive stocks
▼ + stars: | 2022-09-16 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +12 min

FedEx hasn't exactly been a perfect company in recent years, and Subramaniam acknowledged to Jim that FedEx needs to get its own house in order. However, the traditional recession playbook involves selling energy stocks due to fears of demand collapsing. Mixed bag The stocks discussed here have a mixture of economically resilient and sensitive characteristics to them, such as Microsoft (MSFT) and Apple (AAPL). (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

We want firms that are profitable, that have real earnings right now. This is related to the idea of avoiding expensive stocks, which we'll talk about later. A key reason we're looking to avoid expensive stocks is because long-term rates are rising, in addition to the short end of yield curve influenced by Fed action. For example, a stock that trades at 30 times earnings is more expensive than a rival company that trades at 15 times earnings. But for the purposes of this particular story, it's important to understand that expensive stocks are more vulnerable to seeing their multiples contract in this current environment.

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