And discuss how the company is positioned for the rest of 2020. Speaking of the cloud, microsofts ceo set down with bloomberg in davos. We will hear his thoughts on the competition between microsoft, amazon and google. First, to our top story. Netflix shares initially jumped the for a racing the gains after reporting fourthquarter earnings. Now fluctuating between gains and losses. The company has hit a milestone to passing subscribers outside the u. S. During the quarter. Growth this slowing with forecast at just 7 Million Subscriber addition in q1. To discuss Earnings Report in further detail we are joined by emarketer and ceo andre. The shares were trading off of the First Quarter subscriber guidance, which came in a light. Are you worried that for the competition is slowing down growth for netflix . Not at all. Strong in thetty developed markets. There is not a lot of growth for them in the u. S. They have a lot of room to grow, but that will be difficult. That 7 Million Subscriber
Global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. Im a alisa parenti. This is bloomberg. Emily im emily chang, and this is Bloomberg Technology. Netflixs record thirdquarter, and this third quarter, investors focusing on subscribers. Plus china sets the stage to reset its political agenda with the tech sector under the microscope. We but the censorship and regulation laws and perspective ahead of a 90s congress of the Chinese Communist party. S become aoviepas victim of its own success . The ceo begs to differ. First, netflix reported a blockbuster third quarter, the company blowing past the company blowing past domestic and International Subscriber growth targets and beating revenue, surpassing expected subscriber encouraging sign for investors since netflix recently announced its first price hike since 2015. Joining us to discuss our bloomberg reporter lucas shaw and forrester principal analyst jim nail. What is your headline ta
Thousands of california residents have been given the all clear to return home as fire crews gained ground. Firefighters say although the dangers from the most destructive blazes in californias history is far from over, calmer winds are helping make progress. 40 have died and dozens are missing. Louisvilles Athletic Association has fired rick pitino three weeks up to the School Technology its mens Basketball Program is being investigated as part of a federal corruption probe. Todays move ins his 16 years with the program. Global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. Emily im emily chang, and this is Bloomberg Technology. Coming out netflixs record thirdquarter, shares jumped to a new high. Why investors are looking beyond the spending strategy and focusing on subscribers. Plus, china sets the stage to reset its political agenda with the tech sector under the microscope. We will put beijings censorship and r
The depth, the scope of this International Pandemic . I want to take you on a tour of the United States first using some of the nations front pages. Some of the local papers that are doing the important work covering whats happening at the hospitals. In san diego, the Union Tribune notes this grim milestone, 2,000 dead in the u. S. A number that doubled in two days. To st. Louis, the post dispatch reporting on how hospitals are rationing protective gear. And to baltimore, where the suns banner headline foreshadows much more to come. The headline is bracing for the surge. This crisis does conjure up a hurricane with warnings about the surge. In montgomery alabama, the paper says hospitals are bracing for impact. There are reports from the front lines. Thats what this front page says. The front lines are expecting the unknown. All across the United States from honolulu to waterloo, from tuscaloosa to chattanooga, cases continue to rise, especially in Nursing Homes and other vulnerable lo