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Wednesday, April 20, 2022

Elon Musk Offers Surprising Idea to Explain Netflix's Problems

Tesla CEO reviewed Netflix's broadcast platform report and was not satisfied with the given management definitions.
Netflix (NFLX) - Discover Netflix, Inc. The report is in the middle of a nightmare. The entertainment broadcaster reported that in the first quarter it lost 200,000 subscribers worldwide and expected to lose another 2 million in Q2. And the stock is down.

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Elon Musk thinks Twitter’s algorithm should be public. Here’s what that could mean

On March 24, a few weeks before he promised to buy Twitter, Elon Musk posted a survey on social media: "Twitter's algorithm should be open source," he wrote, with ways for users to vote "yes" or "no."   Some Twitter technology is already open source, which means it is publicly available for anyone to ...

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Amazon ordered to reinstate warehouse worker who was fired after protest

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Amazon is facing legal consequences for its history of expelling protest participants. Reports that Judge Benjamin Green has ordered Amazon to reinstate warehouse employee Gerald Bryson, who was fired from his position at the JFK8 facility on Staten Island (recently voted for merger) after allegedly violating language policies during COVID security. -1...

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Why J&J Is Shifting Its Focus From Covid Shots — And Seeing A Stock Resurgence

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Johnson & Johnson (JNJ) downgraded its leadership in 2022 on Tuesday and reduced its Covid vaccination vision - but JNJ's stock came to light.     In the first quarter, Johnson & Johnson's Covid vaccine generated $ 457 million in sales. But mo...

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Here's how much private equity firms could pay in Twitter bidding war with Elon Musk

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Private equity may be set aside for additional donations to help break Twitter in the extended hand of millionaire Elon Musk.   A source familiar with the matter tells that Apollo Global Management (the parent company of Yahoo Finance) is analyzing options to provide potential subscribers with an agreement to keep Twitter private. The private equity powerhouse does not plan to buy Twitter directly, the sourc...

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Mercedes-Benz Unveils New Weapon to Challenge Tesla

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The German car company Mercedes-Benz is developing real weapons to challenge Tesla's leadership in high-performance electric cars.   Clearly, the Mercedes-Benz is an unstoppable force in the race for electric cars. (

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Stock market news live updates: Stocks rise as investors weigh flurry of earnings, downgraded IMF forecast

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U.S. stocks rose Tuesday as investors reviewed earnings reports and a revised International Monetary Fund (IMF) forecast that the global economy would shrink sharply during the Russian invasion of Ukraine.   The S&P 500 is up 1.3%, marking its best day...

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Twitter Shares Rise As Elon Musk & Jack Dorsey Slam Board Amid Speculation On Rival Bids

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Twitter stocks rose sharply on Monday, approaching Elon Musk's $ 54.20-per share request, as he spoke harshly to the company board amid rumors that some bids could be made.   Shares rose almost 7.5% to close at $ 48.45 on the second full trading day from Thursday, when the CEO of Tesla made what he called the "last and la...

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Bank of America Stock Gains as Loan Growth Helps Drive Q1 Earnings Beat

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"Interest income has increased by $ 1.4 billion compared to the previous quarter supported by strong growth in loans and deposits," said CFO Alastair Borthwick.     Bank of America (BAC) - sent the first quarterly revenue better than expected on Monday due to strong residual interest rates between improving loan demand and a $ 240 billion bank deposit base profit.  

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Elon Musk Hints At Tender Offer, Board Elimination In Latest Twitter Drama Twist; Stock Jumps

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Elon Musk's weekend tweets suggest another U-turn to Twitter's billionaire strategy.   Twitter (TWTR) - Get Twitter, Inc. The stock index rose sharply on Monday, but remains stable under Tesla (TSLA) takeover - Get Tesla Inc Report CEO Elon Musk last week, as the world's richest man focuses on what could be a vicious and prolong...

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Is Tesla (TSLA) Still a Smart Long-Term Buy

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Worm Capital, an investment management company, has published an investment letter for the first quarter of 2022 - a copy can be downloaded here. During the first quarter of this year, the fund performed well above its target, the S&P 500 TR by 25.64 percent but its annual return so far has dropped by 18.12%, compared to 4.59% of its be...

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Netflix, Tesla earnings: What to know in markets this week

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This week, the wage season will grow, giving investors a new set of business profitability data as they face higher inflationary pressures.   The two biggest names announced this week will include Netflix (NFLX) and Tesla (TSLA), giving an early look at how some of the mega-cap technology companies performed earlier this year.   Other names to be announced this week will cover a numbe...

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Twitter needs to close a deal with Elon Musk:

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Shares of Twitter Inc. acquired Monday after a communications company launched a self-defense pill to prevent Elon Musk's unsolicited bid to take the company privately to $ 54.20 a share.   The security installation on Monday confirmed the Twitter protection strategy unveiled last week, which will allow the company to issue new stock all shareholders except Musk can buy at a discounted price. It im...

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This drop in subscribers has prompted the group to consider a possible change move: Netflix will, for the first time, consider a low-cost version of the service that could display ads during the program.

"Those who have followed Netflix know that I was against the complexity of advertising, and he is a big fan of simplifying registration," Chief Executive Reed Hastings told investors in a conference call late Tuesday. "But since I'm a person who likes that, I'm a person who likes consumer choice."

These difficulties have raised serious questions about the functioning of the broadcast, full-fledged industry, especially in the US Netflix is ​​facing stiff competition from Disney + (DIS) - Amazon Prime (AMZN) - Apple TV + (AAPL) - Peacock (CCZ) - HBO Max WBD and others.

The competition - and the suspension of its services in Russia - has been widely reported as part of the Netflix crisis.

But Tesla CEO Elon Musk, who does not hesitate to tell the world what he thinks, sees another reason for the pioneer's difficulty in cutting the cord.

Blame It on The Woke Mind Virus

"The awakened brain virus makes Netflix look bad," the billionaire wrote on Twitter as commenting on a earnings report. In response, it was the first time in 10 years that Netflix saw such a drop in subscribers.

The tech tycoon did not provide further details.

"The awakened brain virus is a major threat to civilization," the user wrote to Musk.

Tesla's (TSLA) - CEO seems to be referring to the Dave Chappelle story from a few months ago.

Musk has been a strong defender of this comedian - and successful - comedian. Netflix is ​​known for protecting women's values ​​and LGBTQ +.

So the broadcaster was undoubtedly disappointed to find that one of its main dramas, Dave Chappelle's The Closer, was criticized even by some of its staff.

The show featured Chappelle talking about transgender people and her experiences with a comedian who changed gender. Chappelle was heavily criticized by LGBTQ + groups for some of his jokes, which he considered homophobic and transphobic.

This is not the first time Musk has taken the initiative to wake up. Last December, during an interview with Babylon Bee, a Conservative satire website that often focuses on current political issues and topics, the millionaire defended Chappelle.
"Waking up basically wants to make illegal jokes," Musk said during the interview. "Trying to shut down Chappelle, come on, man, that's crazy. We want a humorous society that is basically condemned and hateful at heart? In its heart?
Initially, the nominees became aware of, and encouraged, correct, racial, gender, and religious discrimination and all forms of discrimination.

But the term is also ridiculed today as a research tool and similar to the tradition of canceling.