Watch Out, Netflix: Apple’s Coming For You

According to a new report by Variety, tech giant Apple Inc. AAPL 1% may soon be taking on rivals Netflix, Inc. NFLX 2.25% Amazon.com, Inc. AMZN 1.13% and Google Inc GOOG 0.92%GOOGL 1.27% in the original video content realm. Apple has reportedly held discussions in recent weeks with Hollywood executives about potentially producing video entertainment content.

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Morgan Stanley Upgrades 58.com, Nearly Doubles Price Target

In a new report, Morgan Stanley analyst Ben Lin updated the firm’s projections for 58.com Inc (ADR) WUBA 4.49% based on the most recent economic numbers out of China. Despite scaling back many of its financial estimates, the firm upgraded the Chinese online classified market company from Underweight to Overweight based on its long-term growth…