Google continues to quietly explore reentry . Fi of snap plunged after the wednesday company said the u. S. Justice department and securities and Exchange Commission are looking into allegations that it misled investors ahead of their idea last year. Ahead of the ipo last year. Snap said it is operating with both during the investigation. Investors have claimed that the company did not disclose how competition from instagram hurt its growth in 2016. Snap was once a popular apple teenagers and has reported a drop in users for two consecutive quarters and projecting more losses in the thirdquarter. We have sarah frier who is covering snap and our ideal reporter, alex barinka oh. What are they looking at here . Sarah we dont know. Well we know what snap has told us which probably has to do something with the competition from instagram which although the company did talk about it during the ipo process, definitely downplayed it. Alex and i were working on stories about this at the time. Th
Google continues to quietly explore reentry . Haidi our top stories, backing first to the top story, shares of snap launched after the for brexit, theresa may claims company said the u. S. Justice department and securities and cabinet support but leading Exchange Commission are looking eurosceptics warned they will into allegations that it misled vote against it. Investors ahead of their idea last year. Snap said it is operating with the e. U. Says the situation has both during the investigation. Changed. Northern ireland will remain in the customs union. Investors have claimed that the company did not disclose how competition from instagram hurt its growth in 2016. Snap was once a popular apple teenagers and has reported a drop in users for two consecutive quarters and projecting more losses in the thirdquarter. We have sarah frier who is covering snap and our ideal reporter, alex barinka oh. What are they looking at here . Sarah we dont know. Well we know what snap has told us which
Netflix shares rallied in late trading after they crushed thirdquarter earnings. All eyes were on subscriber growth. Netflix had rejected 5 million additions and reported 7 million globally. It was a record for the Third Quarter. And, it appears netflixs record of setting new programming is paying off. This helps to attract new subscribers. During us now from boston is the joining us now from boston is the true optics ceo. Also joining from l. A. Is lucas shaw who covers the company for us. Lucas, pull out the highlights for us. The forecast for subscriber is beating estimates but the earnings forecast is light. Lucas the thing would netflix is that investors always look at the subscriber number. By and large, the revenue story for netflix has been pretty positive because they are boosting the amount of revenue they get for subscriber means each subscriber they signup should be net positive for them. The take away, they are on pace to add 29 million customers this year. I went into thi
That is truth just as absurd and shocking as fiction . Author Jessica Powell joins us later. To the top story, the most significant known supply chain attack ever on u. S. Companies. A Bloomberg Businessweek investigation revealed chinese hackers implanted tiny microchips in servers that infiltrated the data centers of almost 30 u. S. Companies, including apple and amazon. This is based on extensive interviews conducted with intelligence and corporate sources. Both apple and amazon have disputed summaries of the reporting and so has the company that assembled the servers, and the Chinese Government responded calling itself a resolute defender of cybersecurity but not directly addressing the allegations. The story and the latest issue of Bloomberg Businessweek hits stands joining us from friday. Washington, one of the authors of this exclusive story, jordan robinson, and from santa clara, california, the chief Technology Cybersecurity officer from mcafee. Talk to us about the extent of
Are pitching to underwrite ubers Public Offering as lyft chooses jpmorgan to run its ipo. Netflix shares rallied in late trading after they crushed thirdquarter earnings. All eyes were on subscriber growth. Netflix had rejected 5 million additions and reported 7 million globally. It was a record for the Third Quarter. Record appears netflixs of setting new programming is paying off. This helps to attract new subscribers. During us now from boston is the true optics ceo. Also joining from l. A. Is lucas shaw who covers the company for us. Lucas, pull out the subscriber highlights for us. The forecast for subscriber is beating estimates but the earnings forecast is light. Lucas the thing would netflix is that investors always look at this a cyber number subscriber number. By and large, the revenue story for netflix has been pretty positive because they are boosting the amount of revenue they get for subscriber means each subscriber they signup should be net positive for them. They are on