Facebook Inc FB 4.01% has announced the launch of Facebook Sports Stadium, a new platform dedicated to social media interaction centered around live sports events. According to Facebook product manager Steve Kafka, Sports Stadium is a place that fans can gather online and socialize while watching sports even if they aren’t in the same location.
Netflix, Inc. NFLX 1.59% reported Q4 adjusted EPS of $0.07 versus consensus expectations of $0.02. However, with the stock currently sporting a P/E ratio of 273.8, it’s clear that profits are of no importance to the market, at least in the short-term.
European streaming music company Deezer has announced a $109 million fundraising round as the company fights to compete with larger rivals such as Spotify, Apple Inc. AAPL 5.32% and Pandora Media Inc P 2.75%.
Writing for Benzinga certainly has provided me with its fair share of cool moments, and another one happened this morning when Elon Musk tweeted about my article entitled “Tesla Customer Writes: ‘How Elon Musk Stole My Car.’“
It’s no secret that Macau gaming revenue has plunged in the past two years following the government crackdown on corruption. While overall monthly revenue numbers in Macau have declined by more than 50% since hitting all-time highs in February of 2014, the VIP gambler segment has been hit much harder than the mass market segment.
According to John Skipper, president of Walt Disney Co DIS 1.52%‘s ESPN, the company is in ongoing talks with Apple Inc. AAPL 0.13% to provide an over-the-top subscription streaming service.
In an interview with the Wall Street Journal, John Skipper, head of Walt Disney Co DIS 1.52%’s ESPN, discussed the sports network’s subscriber exodus and how the company is adapting to the cord-cutting phenomenon.
William White, the chairman of the Organization for Economic Cooperation and Development (OECD) and former chief economist of the Bank for International Settlements, believes that global financial markets are now much worse off than they were prior to the Financial Crisis.
According to Morgan Stanley analyst Craig Hettenbach, Microchip Technology Inc. MCHP 2.76%‘s acquisition of Atmel Corporation ATML 0.13% is “the most identifiable catalyst for the stock we have seen in years.”
In a new report, Jefferies analyst Jason Kupferberg discusses Paypal Holdings Inc PYPL 3.11% ahead of its upcoming earnings report on January 27.