Netflix is adding almost as many subscribers in one year as HBO did in 40 years

Netflix is adding almost as many subscribers in one year as HBO did in 40 years

Barclays estimated Netflix is on pace to add 27.4 million global subscribers this year – an “incredible” rate of subscriber growth the firm said is nearly as many as HBO has added in the U.S. across the last 40 years. Netflix has nearly matched last year’s total subscribers added in three less months, Barclays noted, putting the online streaming service on track to set a new record this year. Not including Cinemax, HBO had around…

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Ex-colleague of Netflix’s CEO: Investors who fear the stock’s high valuation are making a big mistake

Ex-colleague of Netflix’s CEO: Investors who fear the stock’s high valuation are making a big mistake

Paul Holland, a former colleague of Netflix CEO Reed Hastings, believes the biggest mistake investors make when evaluating the streaming giant is that they “continually underestimate the market size.” “Many people have made the wrong bets” on Netflix throughout the years, Holland told CNBC’s “Squawk Alley” on Wednesday. “You just don’t understand how large the market is.” Holland’s firm, Foundation Capital, led Netflix’s Series C funding round in 1999. Holland joined Foundation Capital in 2001….

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Here are the most popular marijuana stocks as Canada becomes the largest country to legalize pot

Here are the most popular marijuana stocks as Canada becomes the largest country to legalize pot

Popular marijuana stocks fell across the board Wednesday, paring extreme gains so far this year, as investors cashed in a bit of their bet as Canada became the largest country to legalize the recreational use of cannabis. After months of political haggling and legal debate, Canada joined the U.S. states of California, Massachusetts, Maine, Alaska, Colorado, Washington and Oregon as the first Group of Seven country to OK adult use of pot. The major cannabis…

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Pot CEO pleads for Trump to help America’s marijuana industry as Canada legalizes the drug

Pot CEO pleads for Trump to help America’s marijuana industry as Canada legalizes the drug

A full-page advertisement in Tuesday’s print edition of The Wall Street Journal sounded a siren of alarm to an audience of one. “Dear Mr. President, We need your help!” the open letter to President Donald Trump began. “Canada is threatening to deprive American farmers, workers and businesses from the prosperity that rightly belongs within our borders.” That language could have applied to the U.S. and Canada’s recent tug-of-war over the details of an updated trade…

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China is still the wildcard in the stock market’s wild ride — here’s why

China is still the wildcard in the stock market’s wild ride — here’s why

The S&P 500 has regained some of the ground it lost last week, but it is experiencing more gyrations on Wednesday. So far this week, the index is up by 1 percent, after falling by about 5 percent between Oct. 8 and Oct. 12. But don’t get ready to celebrate just yet – slowing Chinese growth could send global markets on another wild ride. According to most experts, last week’s decline was due to the…

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Netflix continues to burn cash at a record pace, but investors love it

Netflix continues to burn cash at a record pace, but investors love it

Netflix‘s cash burn just hit a new record. In its third quarter earnings report on Tuesday, the company reported negative free cash flow of $859 million, the biggest figure in its history. Netflix continues to increase spending on original content as it seeks to compete with other players like Hulu, HBO and planned streaming services like the one Disney plans to launch next year. Netflix will reportedly spend at least $8 billion on content in…

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Self-made millionaire Ramit Sethi: Cutting out avocado toast won’t make you rich — here’s what will

Self-made millionaire Ramit Sethi: Cutting out avocado toast won’t make you rich — here’s what will

Millennials tend to catch a lot of flak for their lifestyle choices. The perfect example: avocado toast. “A little while ago, you may have seen an article going around telling you the only way to be a millionaire is to cut back on avocado toast,” says self-made millionaire and personal finance guru Ramit Sethi. “Now, suddenly, a million millennials in Manhattan started crying because they couldn’t go out to brunch six days a week.” By…

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Twitter says it found more than 10 million posts by Iran, Russia-backed accounts dating back to 2009

Twitter says it found more than 10 million posts by Iran, Russia-backed accounts dating back to 2009

Twitter said Wednesday it found more than 10 million posts by Iran and Russia-backed accounts dating back to 2009 — and it plans to release archives of the posts to the general public. Twitter had previously identified Iran and Russia as the source of fake accounts and coordinated misinformation campaigns, but had largely limited the scope to around the 2016 U.S. presidential election and the upcoming midterm elections. The social media site will now shed…

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Jim Cramer on Netflix earnings: CEO Reed Hastings is a ‘miracle worker’

Jim Cramer on Netflix earnings: CEO Reed Hastings is a ‘miracle worker’

CNBC’s Jim Cramer says Netflix CEO Reed Hastings is a “miracle worker.” Netflix shares were soaring in premarket Wednesday after the company reported quarterly earnings that crushed Wall Street’s estimates. The important metric of net subscriber additions was also well above analysts’ expectations for the video streaming service. “I did love Netflix’s [earnings],” Cramer said on “Squawk on the Street” on Wednesday. “It has nothing to do with the economy. It’s a worldwide story, and…

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What every tech company needs: A cardiologist

What every tech company needs: A cardiologist

Big Silicon Valley companies have often competed for talent with specialized skills, like expertise in artificial intelligence or trendy new programming languages. Now they’re competing for heart doctors. Apple hired Alexis Beatty, a cardiologist, to its growing health team in July, according to a LinkedIn search. Amazon hired Maulik Majmudar, also a cardiologist, the following month. Alphabet‘s life sciences companyVerily named Jessica Mega as its chief medical officer almost three years ago. Mega, of course,…

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