Here's Why Netflix's Subscriber Growth Will Rebound in Q3
* Stories are summarized by an A.I.
* Stocks or companies mentioned: NFLX, IBM, Huawei, AAPL, Xendpay, GOOG, HPE, BABA, AZN, and SPOT
Here's Why Netflix's Subscriber Growth Will Rebound in Q3
NFLX (Netflix Inc.) | The Motley Fool
Following that price hike, the company reported a subscriber decline of about 130,000 in the U.S., the first such loss since 2011. This was part of a much broader subscriber miss, as paid members grew by 2.7 million, much less than the 5.5 million it generated in the prior-year quarter and the 5 million Netflix had forecast. Even in light of the company's remarkable record of accuracy on its guidance, the second quarter has been notoriously difficult for Netflix to forecast. Netflix is guiding for 7 million net additions for Q3, significantly higher than the 6.07 million it generated in the prior-year quarter. Investors will likely be pleasantly surprised at the subscriber numbers in the third quarter -- but maybe they shouldn't be.
Read More
IBM Open Sources Its Workhorse Power Chip Architecture
IBM (IBM Common Stock) | Data Center Knowledge
This week the company went a step further and threw its big blue fedora into the open silicon ring by open sourcing its Power processor. The OpenPower Foundation currently has 250 members dedicated to development of Power infrastructure. Open sourcing its silicon plays into a trend that began a couple of years back, when the RISC-V ISA developed at UC Berkeley was successfully released under an open source license. In the wake of RISC-V's success, MIPS, a declining but still-in-use architecture that's been around since the 1980s, has adopted an open source approach. "IBM believes that open collaboration through groups like Linux Foundation is key to delivering value for our clients," said Ken King, general manager for OpenPower at IBM, in a statement.
Read More
Huawei Cannot Escape Google -- Unless It Wants To Say Goodbye To Western Markets
002502 (Huawei Technology Company Ltd) | Forbes
And it will remain Google’s hostage for a long time -- unless it wants to abandon western markets, and focus on Asia’s market instead. This weakness is more pronounced in the case of Huawei, which relies on Google for the operating system that powers its devices sold in western markets. To be fair, Huawei is working on its own operating system that will rival that of Google. “But that assumes that Huawei would essentially abandon Western markets to Google and Apple, and concentrate on its domestic market and low-income markets in Asia and Africa.”Clement Thibault, analyst at financial markets platform Investing.com, agrees. Huawei will need strong partners if it is to come even close to rivaling Google in the western world."
Read More
Apple closer to using BOE displays for iPhones to cut costs: Report
AAPL (Apple Inc) | ZDNet
The Cupertino-based Apple is "aggressively testing" BOE's flexible OLED displays, according to the report. Apple will decide whether to take on BOE as a supplier by the end of this year. The potential move to using BOE screens as an alternative to Samsung and LG would be to cut costs and reduce reliance on the South Korean technology giants. It nevertheless still lags far behind Samsung, which owned 81% market share of the OLED market in the same quarter.
Read More
Ripple’s Array of Partners Expands as Xendpay Joins RippleNet
Xendpay | Finance Magnates
UK remittance firm Xendpay is joining other big companies that are already using Ripple’s product across their payment services – MoneyGram, Standard Chartered Bank, American Express and many others. Xendpay revealed what payment solution it plans to adopt, namely Ripple’s flagship solution RippleNet, which connects over 200 banks and payment providers for cross-border remittances. The move is significant because the arrangement also involves a partnership to use of XRP, Ripple’s digital currency, as part of MoneyGram’s cross-border payment process. MoneyGram customers making payments on its international platform already have access to Ripple’s enterprise solution, which enables real-time FX settlement through its cryptocurrency, XRP. MoneyGram will tap Ripple’s on-demand liquidity product, xRapid, to make blockchain payments commercially available, reducing the time and cost of settlement, while maintaining the level of security.
Read More
Google removes 200 YouTube channels over Hong Kong misinformation
GOOG (Alphabet Inc.) | CNET
Rafael Henrique/Getty ImagesGoogle removed 210 YouTube channels earlier this week as part of its effort to combat misinformation. The channels were "coordinated influence operations" related to the ongoing pro-democracy protests in Hong Kong, the company said Thursday in a blog post. Google said the YouTube channels were disabled earlier this week when it discovered they "behaved in a coordinated manner while uploading videos related to the ongoing protests in Hong Kong." It also found the channels were using VPNs and other means to disguise the origin of the accounts. "This discovery was consistent with recent observations and actions related to China announced by Facebook and Twitter," Google said.
Read More
HP Inc.’s chief executive to step down in November
HPE (Hewlett Packard Enterprise Company) | The Washington Post
SAN FRANCISCO — HP Inc. is losing the chief executive who has been leading the personal computer maker since it broke off as a separate company four years ago. The Palo Alto, California, company says CEO Dion Weisler will step down from the job Nov. 1 because of an undisclosed family issue. He will be succeeded by Enrique Lores, who currently oversees an HP division that includes its highly profitable business of selling ink for the company’s printers. Weisler joined HP in 2012 and became CEO in 2015 when the company split is PC and printer operations from its businesses specializing in business software. That part is now known as Hewlett Packard Enterprise and was run by former California gubernatorial candidate Meg Whitman until her departure last year.
Read More
EU considers €100bn tech fund to rival Apple, Alibaba - reports
BABA (Alibaba Group Holding Limited) | Sky News
The initiative is part of a collection of suggestions presented to the incoming president of the European Commission, Ursula von der Leyen, who enters office on 1 November. AdvertisementEurope lacks companies such as Microsoft, Google, Alibaba, Apple, Facebook, and Tencent, according to the officials. According to the draft plans, money for the €100bn sovereign wealth fund could be taken from EU government budgets. The incoming European Commission will "invest in innovation and research, redesign our economy and update our industrial policy", according to Ms Von der Leyen. A spokesperson for Ms Von der Leyen told Politico that "nobody in the [president-elect's] transition team has heard of that mysterious European Future Fund."
Read More
AstraZeneca's Kidney Drug Roxadustat Gets Second Nod in China
AZN (Astrazeneca PLC) | Zacks
The former will take care of the commercialization activities in China while the latter will look after manufacturing, clinical development and other regulatory affairs.Roxadustat, a first-in-class hypoxia-inducible-factor prolyl hydroxylase inhibitor, is being jointly developed by AstraZeneca and FibroGen for treating anaemia in CKD patients.Meanwhile, both companies are planning to file a new drug application (NDA) to the FDA for getting roxadustat approved in the United States in the second half of 2019.Shares of AstraZeneca have rallied 19.5% so far this year against the industry’s decrease of 2.2%.
Read More
Goodbye IPO, hello direct listing?
SPOT (Spotify Technology S.A.) | CNBC
Google had its IPO 15 years ago, and it was a big deal for a couple of reasons. First of all, Google's IPO was a glimmer of hope after the dotcom bust. And Google was trying to reinvent the IPO by making it more transparent, using a process called a Dutch Auction. Today, the IPO hasn't changed for the most part, but maybe it's about to.
Read More
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* Stocks or companies mentioned: NFLX, IBM, Huawei, AAPL, Xendpay, GOOG, HPE, BABA, AZN, and SPOT
Here's Why Netflix's Subscriber Growth Will Rebound in Q3
NFLX (Netflix Inc.) | The Motley Fool
Following that price hike, the company reported a subscriber decline of about 130,000 in the U.S., the first such loss since 2011. This was part of a much broader subscriber miss, as paid members grew by 2.7 million, much less than the 5.5 million it generated in the prior-year quarter and the 5 million Netflix had forecast. Even in light of the company's remarkable record of accuracy on its guidance, the second quarter has been notoriously difficult for Netflix to forecast. Netflix is guiding for 7 million net additions for Q3, significantly higher than the 6.07 million it generated in the prior-year quarter. Investors will likely be pleasantly surprised at the subscriber numbers in the third quarter -- but maybe they shouldn't be.
Read More
IBM Open Sources Its Workhorse Power Chip Architecture
IBM (IBM Common Stock) | Data Center Knowledge
This week the company went a step further and threw its big blue fedora into the open silicon ring by open sourcing its Power processor. The OpenPower Foundation currently has 250 members dedicated to development of Power infrastructure. Open sourcing its silicon plays into a trend that began a couple of years back, when the RISC-V ISA developed at UC Berkeley was successfully released under an open source license. In the wake of RISC-V's success, MIPS, a declining but still-in-use architecture that's been around since the 1980s, has adopted an open source approach. "IBM believes that open collaboration through groups like Linux Foundation is key to delivering value for our clients," said Ken King, general manager for OpenPower at IBM, in a statement.
Read More
Huawei Cannot Escape Google -- Unless It Wants To Say Goodbye To Western Markets
002502 (Huawei Technology Company Ltd) | Forbes
And it will remain Google’s hostage for a long time -- unless it wants to abandon western markets, and focus on Asia’s market instead. This weakness is more pronounced in the case of Huawei, which relies on Google for the operating system that powers its devices sold in western markets. To be fair, Huawei is working on its own operating system that will rival that of Google. “But that assumes that Huawei would essentially abandon Western markets to Google and Apple, and concentrate on its domestic market and low-income markets in Asia and Africa.”Clement Thibault, analyst at financial markets platform Investing.com, agrees. Huawei will need strong partners if it is to come even close to rivaling Google in the western world."
Read More
Apple closer to using BOE displays for iPhones to cut costs: Report
AAPL (Apple Inc) | ZDNet
The Cupertino-based Apple is "aggressively testing" BOE's flexible OLED displays, according to the report. Apple will decide whether to take on BOE as a supplier by the end of this year. The potential move to using BOE screens as an alternative to Samsung and LG would be to cut costs and reduce reliance on the South Korean technology giants. It nevertheless still lags far behind Samsung, which owned 81% market share of the OLED market in the same quarter.
Read More
Ripple’s Array of Partners Expands as Xendpay Joins RippleNet
Xendpay | Finance Magnates
UK remittance firm Xendpay is joining other big companies that are already using Ripple’s product across their payment services – MoneyGram, Standard Chartered Bank, American Express and many others. Xendpay revealed what payment solution it plans to adopt, namely Ripple’s flagship solution RippleNet, which connects over 200 banks and payment providers for cross-border remittances. The move is significant because the arrangement also involves a partnership to use of XRP, Ripple’s digital currency, as part of MoneyGram’s cross-border payment process. MoneyGram customers making payments on its international platform already have access to Ripple’s enterprise solution, which enables real-time FX settlement through its cryptocurrency, XRP. MoneyGram will tap Ripple’s on-demand liquidity product, xRapid, to make blockchain payments commercially available, reducing the time and cost of settlement, while maintaining the level of security.
Read More
Google removes 200 YouTube channels over Hong Kong misinformation
GOOG (Alphabet Inc.) | CNET
Rafael Henrique/Getty ImagesGoogle removed 210 YouTube channels earlier this week as part of its effort to combat misinformation. The channels were "coordinated influence operations" related to the ongoing pro-democracy protests in Hong Kong, the company said Thursday in a blog post. Google said the YouTube channels were disabled earlier this week when it discovered they "behaved in a coordinated manner while uploading videos related to the ongoing protests in Hong Kong." It also found the channels were using VPNs and other means to disguise the origin of the accounts. "This discovery was consistent with recent observations and actions related to China announced by Facebook and Twitter," Google said.
Read More
HP Inc.’s chief executive to step down in November
HPE (Hewlett Packard Enterprise Company) | The Washington Post
SAN FRANCISCO — HP Inc. is losing the chief executive who has been leading the personal computer maker since it broke off as a separate company four years ago. The Palo Alto, California, company says CEO Dion Weisler will step down from the job Nov. 1 because of an undisclosed family issue. He will be succeeded by Enrique Lores, who currently oversees an HP division that includes its highly profitable business of selling ink for the company’s printers. Weisler joined HP in 2012 and became CEO in 2015 when the company split is PC and printer operations from its businesses specializing in business software. That part is now known as Hewlett Packard Enterprise and was run by former California gubernatorial candidate Meg Whitman until her departure last year.
Read More
EU considers €100bn tech fund to rival Apple, Alibaba - reports
BABA (Alibaba Group Holding Limited) | Sky News
The initiative is part of a collection of suggestions presented to the incoming president of the European Commission, Ursula von der Leyen, who enters office on 1 November. AdvertisementEurope lacks companies such as Microsoft, Google, Alibaba, Apple, Facebook, and Tencent, according to the officials. According to the draft plans, money for the €100bn sovereign wealth fund could be taken from EU government budgets. The incoming European Commission will "invest in innovation and research, redesign our economy and update our industrial policy", according to Ms Von der Leyen. A spokesperson for Ms Von der Leyen told Politico that "nobody in the [president-elect's] transition team has heard of that mysterious European Future Fund."
Read More
AstraZeneca's Kidney Drug Roxadustat Gets Second Nod in China
AZN (Astrazeneca PLC) | Zacks
The former will take care of the commercialization activities in China while the latter will look after manufacturing, clinical development and other regulatory affairs.Roxadustat, a first-in-class hypoxia-inducible-factor prolyl hydroxylase inhibitor, is being jointly developed by AstraZeneca and FibroGen for treating anaemia in CKD patients.Meanwhile, both companies are planning to file a new drug application (NDA) to the FDA for getting roxadustat approved in the United States in the second half of 2019.Shares of AstraZeneca have rallied 19.5% so far this year against the industry’s decrease of 2.2%.
Read More
Goodbye IPO, hello direct listing?
SPOT (Spotify Technology S.A.) | CNBC
Google had its IPO 15 years ago, and it was a big deal for a couple of reasons. First of all, Google's IPO was a glimmer of hope after the dotcom bust. And Google was trying to reinvent the IPO by making it more transparent, using a process called a Dutch Auction. Today, the IPO hasn't changed for the most part, but maybe it's about to.
Read More
Download Folo, add stock symbols to your watchlist, and get notified.
When you look up U.S or China stock symbols and add them to Watchlist, Folo, an A.I. based news curator will keep you updated with stock news from 270 sources.
Download on the App Store
http://folo.moya.ai
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