Disney and Verizon Team Up to Offer Free Streaming
* Stories are summarized by an A.I.
* Companies mentioned: DIS, Softbank, DISCA, FB, CRM, and SNAP
Disney and Verizon Team Up to Offer Free Streaming
DIS (The Walt Disney Company) | The Motley Fool
1 U.S. wireless carrier and Disney (NYSE:DIS) announced on Tuesday that millions of Verizon's customers would receive 12 months of Disney+ for free. Disney's upcoming streaming service will be made available to all Verizon wireless unlimited, new Fios Home Internet, and new 5G Home Internet customers. The streaming service will allow viewers to watch thousands of movies and TV shows from Disney, Marvel, Pixar, Lucasfilm, National Geographic, and other studios. Moreover, Disney+ will be the only streaming service where viewers can watch the company's new films, such as The Lion King and Avengers: Endgame. It will likely need to aggressively promote its new streaming service if it's to achieve those targets.
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SoftBank shares fall as it doubles down on WeWork
SFTBF (SoftBank Group Corp) | Nasdaq
Shares of SoftBank Group Corp 9984.T fell 2% in early trade on Wednesday as the tech conglomerate moved to take over beleaguered office-space sharing startup WeWork with a funding injection of more than $10 billion. The deal takes SoftBank's total investment in WeWork to more than $19 billion, sources told Reuters on Tuesday, with the money-losing startup now valued at just $8 billion. SoftBank's shares have fallen 30% from their July peak as investor scepticism grows over the path to profitability for its cash-burning marquee investments like WeWork and publicly listed Uber Technologies Inc UBER.N. The disarray at WeWork, which is scrambling for cash following a flopped IPO attempt, comes as SoftBank founder and CEO Masayoshi Son struggles to raise money for a successor to his $100 billion Vision Fund, sources told Reuters earlier this month. Japan's benchmark index .N225 was flat on Wednesday as trading restarted following a public holiday.
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Food Network Kitchen uses Alexa and iPhone to teach cooking
DISCA (DISCOVERY COMMUNICATIONS INC) | 9to5 Toys
Discovery Inc.’s Food Network Kitchen has officially launched here in the U.S. It’s the “first-ever live, interactive cooking product” which launched with an “all-star line-up of live classes from top Food Network chefs” and more. Nomad Base StationFood Network Kitchen arrives on Alexa-enabled devicesThe new Food Network Kitchen app is built specifically for Amazon’s Alexa and Fire lineup of products, but also works on Android and iOS devices. What is Food Network Kitchen, you may ask? Food Network Kitchen will feature 25 live and interactive classes each and every week, along with the ability to order groceries for delivery straight from the app. Food Network Kitchen pricingFood Network Kitchen comes with a 90-day trial at the start and, for a limited time, will have a price of $47.99 for the year.
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Facebook antitrust probe now has the backing of 47 attorney generals
FB (Facebook Inc) | ZDNet
New York Attorney General Letitia James has said 46 other state attorney generals have joined her antitrust investigation into Facebook. The antitrust investigation commenced last month, and initially only had support from the attorney generals of eight states -- New York, Florida, Colorado, Iowa, Nebraska, North Carolina, Ohio, and Tennessee -- along with Washington DC. In June, the House Judiciary Committee launched an antitrust investigation of Facebook, Google, and other tech companies. Google is currently the focus of a similar antitrust investigation commenced by Texas Attorney General Ken Paxton. US Justice Department launches new, sweeping tech antitrust probeAmid multiple other antitrust investigations into the US tech industry, the DOJ will now review the competitive landscape of search, social media and retail services online.
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Salesforce Ventures's John Somorjai warns N.C.'s politics could dampen its tech hub potential
CRM (salesforce.com, inc.) | Tech Crunch
But its tech hub potential can still be threatened by the state’s political swings, said Salesforce Ventures head John Somorjai, who spoke today at a tech event in Durham. On a panel at Bull City Venture Partners’ Entrepreneurs’ Series 2019, Somorjai reminded the audience that investment in the state follows the talent. And a state can’t attract talent when it’s not “welcoming to all people,” he said. But in some cases, it was too late to woo the tech companies back. There’s also now so much talent here that you’re attracting investors from all over the country,” he told the audience.
Read More
Snap disappoints with fourth-quarter revenue guidance, sending shares down
SNAP (Snap Inc. Class A) | Reuters
In remarks released before the conference call with analysts, Snap Chief Executive Evan Spiegel said this year’s growth has put the company “on a clear path to Q4 adjusted EBITDA profitability.” The company’s net loss narrowed to $227.4 million, or 16 cents per share, from $325.1 million, or 25 cents per share, a year earlier.
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* Companies mentioned: DIS, Softbank, DISCA, FB, CRM, and SNAP
Disney and Verizon Team Up to Offer Free Streaming
DIS (The Walt Disney Company) | The Motley Fool
1 U.S. wireless carrier and Disney (NYSE:DIS) announced on Tuesday that millions of Verizon's customers would receive 12 months of Disney+ for free. Disney's upcoming streaming service will be made available to all Verizon wireless unlimited, new Fios Home Internet, and new 5G Home Internet customers. The streaming service will allow viewers to watch thousands of movies and TV shows from Disney, Marvel, Pixar, Lucasfilm, National Geographic, and other studios. Moreover, Disney+ will be the only streaming service where viewers can watch the company's new films, such as The Lion King and Avengers: Endgame. It will likely need to aggressively promote its new streaming service if it's to achieve those targets.
Read More
SoftBank shares fall as it doubles down on WeWork
SFTBF (SoftBank Group Corp) | Nasdaq
Shares of SoftBank Group Corp 9984.T fell 2% in early trade on Wednesday as the tech conglomerate moved to take over beleaguered office-space sharing startup WeWork with a funding injection of more than $10 billion. The deal takes SoftBank's total investment in WeWork to more than $19 billion, sources told Reuters on Tuesday, with the money-losing startup now valued at just $8 billion. SoftBank's shares have fallen 30% from their July peak as investor scepticism grows over the path to profitability for its cash-burning marquee investments like WeWork and publicly listed Uber Technologies Inc UBER.N. The disarray at WeWork, which is scrambling for cash following a flopped IPO attempt, comes as SoftBank founder and CEO Masayoshi Son struggles to raise money for a successor to his $100 billion Vision Fund, sources told Reuters earlier this month. Japan's benchmark index .N225 was flat on Wednesday as trading restarted following a public holiday.
Read More
Food Network Kitchen uses Alexa and iPhone to teach cooking
DISCA (DISCOVERY COMMUNICATIONS INC) | 9to5 Toys
Discovery Inc.’s Food Network Kitchen has officially launched here in the U.S. It’s the “first-ever live, interactive cooking product” which launched with an “all-star line-up of live classes from top Food Network chefs” and more. Nomad Base StationFood Network Kitchen arrives on Alexa-enabled devicesThe new Food Network Kitchen app is built specifically for Amazon’s Alexa and Fire lineup of products, but also works on Android and iOS devices. What is Food Network Kitchen, you may ask? Food Network Kitchen will feature 25 live and interactive classes each and every week, along with the ability to order groceries for delivery straight from the app. Food Network Kitchen pricingFood Network Kitchen comes with a 90-day trial at the start and, for a limited time, will have a price of $47.99 for the year.
Read More
Facebook antitrust probe now has the backing of 47 attorney generals
FB (Facebook Inc) | ZDNet
New York Attorney General Letitia James has said 46 other state attorney generals have joined her antitrust investigation into Facebook. The antitrust investigation commenced last month, and initially only had support from the attorney generals of eight states -- New York, Florida, Colorado, Iowa, Nebraska, North Carolina, Ohio, and Tennessee -- along with Washington DC. In June, the House Judiciary Committee launched an antitrust investigation of Facebook, Google, and other tech companies. Google is currently the focus of a similar antitrust investigation commenced by Texas Attorney General Ken Paxton. US Justice Department launches new, sweeping tech antitrust probeAmid multiple other antitrust investigations into the US tech industry, the DOJ will now review the competitive landscape of search, social media and retail services online.
Read More
Salesforce Ventures's John Somorjai warns N.C.'s politics could dampen its tech hub potential
CRM (salesforce.com, inc.) | Tech Crunch
But its tech hub potential can still be threatened by the state’s political swings, said Salesforce Ventures head John Somorjai, who spoke today at a tech event in Durham. On a panel at Bull City Venture Partners’ Entrepreneurs’ Series 2019, Somorjai reminded the audience that investment in the state follows the talent. And a state can’t attract talent when it’s not “welcoming to all people,” he said. But in some cases, it was too late to woo the tech companies back. There’s also now so much talent here that you’re attracting investors from all over the country,” he told the audience.
Read More
Snap disappoints with fourth-quarter revenue guidance, sending shares down
SNAP (Snap Inc. Class A) | Reuters
In remarks released before the conference call with analysts, Snap Chief Executive Evan Spiegel said this year’s growth has put the company “on a clear path to Q4 adjusted EBITDA profitability.” The company’s net loss narrowed to $227.4 million, or 16 cents per share, from $325.1 million, or 25 cents per share, a year earlier.
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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