Tesla’s Elon Musk continues Twitter dispute with Jim Cramer

Tesla’s Elon Musk continues Twitter dispute with Jim Cramer2 Hours AgoCNBC’s Jim Cramer got into a tweet off with Tesla’s Elon Musk. The “Squawk on the Street” crew discuss the latest development in the discussion.


Tesla’s Elon Musk continues Twitter dispute with Jim Cramer2 Hours AgoCNBC’s Jim Cramer got into a tweet off with Tesla’s Elon Musk. The “Squawk on the Street” crew discuss the latest development in the discussion.
Tesla’s Elon Musk continues Twitter dispute with Jim Cramer Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-29
Keywords: news, cnbc, companies, street, jim, teslas, dispute, continues, elon, musk, twitter, latest, hours, cramer, squawk


Tesla's Elon Musk continues Twitter dispute with Jim Cramer

Tesla’s Elon Musk continues Twitter dispute with Jim Cramer

2 Hours Ago

CNBC’s Jim Cramer got into a tweet off with Tesla’s Elon Musk. The “Squawk on the Street” crew discuss the latest development in the discussion.


Company: cnbc, Activity: cnbc, Date: 2019-04-29
Keywords: news, cnbc, companies, street, jim, teslas, dispute, continues, elon, musk, twitter, latest, hours, cramer, squawk


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Lyft’s stock continues to dive after its dismal week

Lyft’s week is off to a dreary start as the stock continues to tumble after dipping nearly 20% over the previous week. The stock hit a new 52-week low Monday, down more than 5% with a market capitalization of $16.2 billion. Analysts have worried that Uber’s imminent entrance into the public market could further push down Lyft’s stock. Uber is expected to seek a valuation of $90 billion to $100 billion and has a far more complex business than Lyft’s which it is sure to tout on its roadshow. Watch


Lyft’s week is off to a dreary start as the stock continues to tumble after dipping nearly 20% over the previous week. The stock hit a new 52-week low Monday, down more than 5% with a market capitalization of $16.2 billion. Analysts have worried that Uber’s imminent entrance into the public market could further push down Lyft’s stock. Uber is expected to seek a valuation of $90 billion to $100 billion and has a far more complex business than Lyft’s which it is sure to tout on its roadshow. Watch
Lyft’s stock continues to dive after its dismal week Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: lauren feiner, michael nagle, bloomberg, getty images
Keywords: news, cnbc, companies, lyfts, dismal, lyft, billion, analysts, continues, market, valuation, week, business, stock, dive, ubers


Lyft's stock continues to dive after its dismal week

Lyft’s week is off to a dreary start as the stock continues to tumble after dipping nearly 20% over the previous week.

The stock hit a new 52-week low Monday, down more than 5% with a market capitalization of $16.2 billion. The drop shaved nearly $1 billion off of its market cap.

Lyft has ended more trading days in the negative than positive since its debut March 29. Analysts have worried that Uber’s imminent entrance into the public market could further push down Lyft’s stock. Uber is expected to seek a valuation of $90 billion to $100 billion and has a far more complex business than Lyft’s which it is sure to tout on its roadshow.

“We believe there could be continued pressure on Lyft shares while investors wait for Uber’s roadshow and dig further into the full financial metrics,” analysts from Wedbush Securities wrote in a note Friday, giving Lyft a neutral rating with a 12-month price target of $80. “In our opinion, the battle for market share will be balanced going forward. We think there’s plenty of work to do and time to go until investors start to feel like they are missing out on the ‘next Amazon’ although we believe Lyft remains in a strong position to capitalize on this fertile market opportunity.”

Still, analysts have struggled to compare the two companies, with many still unsure what to make of Uber’s high expected IPO valuation while it continues to sustain significant losses. But even so, some continue to doubt the value of either company.

Valuation expert and New York University professor Aswath Damodaran said in an interview on CNBC’s “Fast Money” last week that both Uber and Lyft rely on “free agent[s]” in both customers and drivers for their core businesses.

“There is absolutely no stickiness in the business, and they know it,” Damodaran said. “That’s the basic problem I have with the ride-sharing business not just Lyft.”

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Watch: You have to let Lyft’s stock settle, says Nuveen’s head of global equity research


Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: lauren feiner, michael nagle, bloomberg, getty images
Keywords: news, cnbc, companies, lyfts, dismal, lyft, billion, analysts, continues, market, valuation, week, business, stock, dive, ubers


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Warren Buffett says he continues to support embattled Wells Fargo CEO Tim Sloan

Billionaire investor Warren Buffett told CNBC that he stands by his support of Wells Fargo CEO Tim Sloan, after backing the beleaguered chief executive minutes before Sloan’s resignation was announced. Buffett said Sloan called him Wednesday wanting to know if he could talk the next day, but Buffett told him he was going to be out of the office all day and so Sloan told him the news. Buffett said that the move was “out of the blue” and that he had not spoken to anyone on the Wells Fargo board ab


Billionaire investor Warren Buffett told CNBC that he stands by his support of Wells Fargo CEO Tim Sloan, after backing the beleaguered chief executive minutes before Sloan’s resignation was announced. Buffett said Sloan called him Wednesday wanting to know if he could talk the next day, but Buffett told him he was going to be out of the office all day and so Sloan told him the news. Buffett said that the move was “out of the blue” and that he had not spoken to anyone on the Wells Fargo board ab
Warren Buffett says he continues to support embattled Wells Fargo CEO Tim Sloan Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-29  Authors: becky quick, terri cullen
Keywords: news, cnbc, companies, executive, continues, ceo, day, embattled, buffett, warren, investor, fargo, tim, chief, wells, told, sloan, support


Warren Buffett says he continues to support embattled Wells Fargo CEO Tim Sloan

Billionaire investor Warren Buffett told CNBC that he stands by his support of Wells Fargo CEO Tim Sloan, after backing the beleaguered chief executive minutes before Sloan’s resignation was announced.

Buffett initially said he supported Sloan “100 percent” in an interview Thursday with CNBC’s Becky Quick at The Gatehouse’s Hands Up for Success luncheon in Grapevine, Texas. “I don’t want his job. … I’m very empathetic to anybody who walks into a big problem and a very, very large and politically sensitive institution,” Buffett said.

The investor later told CNBC that he knew Wednesday that Sloan planned to resign. Buffett said Sloan called him Wednesday wanting to know if he could talk the next day, but Buffett told him he was going to be out of the office all day and so Sloan told him the news. Buffett said that the move was “out of the blue” and that he had not spoken to anyone on the Wells Fargo board about it.

Buffett’s Berkshire Hathaway is the bank’s single-largest shareholder.

Sloan is resigning as CEO immediately, Wells Fargo said Thursday in a release shortly after Buffett made his remarks. The bank’s general counsel, Allen Parker, will take over as interim chief executive, and Wells Fargo is searching externally for a permanent successor. Sloan was supposed to clean up the mess that had claimed his predecessor, but had struggled to satisfy regulators’ demands to overhaul the sprawling institution.

—CNBC’s Hugh Son contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-03-29  Authors: becky quick, terri cullen
Keywords: news, cnbc, companies, executive, continues, ceo, day, embattled, buffett, warren, investor, fargo, tim, chief, wells, told, sloan, support


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US 10-year Treasury yield touches new 14-month low as yield curve continues to flatten

U.S. government debt yields added to a steep March decline on Wednesday as the yield on the benchmark 10-year Treasury note returned to its lowest level since 2017. The yield on the 3-month Treasury note, which remains 10 basis points above that of the 10-year, declined as more investors grew confident that the Federal Reserve will be forced to cut interest rates in 2019. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was lower at around 2.381 percent, whil


U.S. government debt yields added to a steep March decline on Wednesday as the yield on the benchmark 10-year Treasury note returned to its lowest level since 2017. The yield on the 3-month Treasury note, which remains 10 basis points above that of the 10-year, declined as more investors grew confident that the Federal Reserve will be forced to cut interest rates in 2019. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was lower at around 2.381 percent, whil
US 10-year Treasury yield touches new 14-month low as yield curve continues to flatten Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-27  Authors: thomas franck
Keywords: news, cnbc, companies, 14month, basis, note, continues, flatten, treasury, points, lower, yield, touches, yields, president, low, 10year, rates, curve


US 10-year Treasury yield touches new 14-month low as yield curve continues to flatten

U.S. government debt yields added to a steep March decline on Wednesday as the yield on the benchmark 10-year Treasury note returned to its lowest level since 2017.

The yield on the 3-month Treasury note, which remains 10 basis points above that of the 10-year, declined as more investors grew confident that the Federal Reserve will be forced to cut interest rates in 2019. Data showing the trade deficit narrowed lifted yields off their lows.

At 1:05 p.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was lower at around 2.381 percent, while the yield on the 30-year Treasury bond was also lower at 2.836 percent. The yield on the 3-month Treasury bill dropped 6 basis points to 2.45 percent.

The 10-year yield is down about 25 basis points since March 18.

“There’s definitely angst about global growth,” said Thierry Wizman, global interest rates and currencies strategist at Macquarie Group. “The bad data from Germany last week and a dovish tone from the Fed has made some believe [yields] won’t recover that soon.”

Comments from Stephen Moore, who is expected to be nominated by President Donald Trump for an open seat at the Fed, may have also weighed on yields. He told The New York Times that he thinks the central bank should “immediately reverse course and cut rates by half a percentage point.”

Moore is a distinguished visiting fellow at the Heritage Foundation and a current advisor to the president.


Company: cnbc, Activity: cnbc, Date: 2019-03-27  Authors: thomas franck
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Irish whiskey continues to thrive in the US, thanks to millennials

But they’re actually helping at least one industry: Irish whiskey. Over the last five years, the volume of Irish whiskey sold in the U.S. grew by 61 percent, according to the Irish Food Board. American millennials are driving the growth of Irish whiskey in the U.S., in part, due to their willingness to spent more on higher quality alcohol, Ozgo said. Irish whiskey tends to be smoother and less smoky than its Scottish cousin scotch and less sweet than American and Canadian varieties. Ozgo also no


But they’re actually helping at least one industry: Irish whiskey. Over the last five years, the volume of Irish whiskey sold in the U.S. grew by 61 percent, according to the Irish Food Board. American millennials are driving the growth of Irish whiskey in the U.S., in part, due to their willingness to spent more on higher quality alcohol, Ozgo said. Irish whiskey tends to be smoother and less smoky than its Scottish cousin scotch and less sweet than American and Canadian varieties. Ozgo also no
Irish whiskey continues to thrive in the US, thanks to millennials Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-15  Authors: amelia lucas, igor golovniov, lightrocket, getty images
Keywords: news, cnbc, companies, whiskey, thrive, thanks, spirits, according, irish, market, continues, millennials, worlds, volume, distillers, spending, sold


Irish whiskey continues to thrive in the US, thanks to millennials

Millennials have been accused of killing canned tuna, motorcycles and diamonds. But they’re actually helping at least one industry: Irish whiskey.

Over the last five years, the volume of Irish whiskey sold in the U.S. grew by 61 percent, according to the Irish Food Board. In 2018 alone, sales grew by 9.4 percent compared to the previous year, netting distillers roughly $1 billion in revenue.

Last year also marked the ninth straight time that spirits took market share from beer, according to David Ozgo, the Distilled Spirits Council’s chief economist.

American millennials are driving the growth of Irish whiskey in the U.S., in part, due to their willingness to spent more on higher quality alcohol, Ozgo said.

Despite its growth in the U.S. and elsewhere in the world, Irish whiskey still represents less than 3 percent of the case volume of all spirits sold. But spirits companies are trying to change that, spending more on marketing pushes for their brands. For example, when Diageo, the world’s largest spirits purveyor, re-entered the booming market in 2017 with Roe & Co., it increased its marketing spending by 20 percent compared to the previous year.

Irish whiskey tends to be smoother and less smoky than its Scottish cousin scotch and less sweet than American and Canadian varieties.

Jameson, owned by French spirits giant Pernod Ricard, remains the market leader. But there are some upstarts looking to make their own mark on the space. In 2013, there were just three distillers in Ireland: Cooley, Irish Distillers and Dingle Distillery. Now, there are 18 facilities with eight more on the way, according to the Irish Food Board.

Ozgo also noted that cocktails featuring Irish whiskey have become more popular menu items over the years. New York City’s The Dead Rabbit, named the World’s Best Bar in 2016 by Drinks International, devotes about half of its menu to such cocktails, but its bartenders are also trained to help customers learn more about the alcohol.

“What I generally see is, people say whiskey as a general term, and then that’s where we say, ‘Well, Irish whiskey is a huge part of our DNA and what we’re known for,'” said Jillian Vose, the bar’s beverage director.


Company: cnbc, Activity: cnbc, Date: 2019-03-15  Authors: amelia lucas, igor golovniov, lightrocket, getty images
Keywords: news, cnbc, companies, whiskey, thrive, thanks, spirits, according, irish, market, continues, millennials, worlds, volume, distillers, spending, sold


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Pakistan and India step back from the brink, but unease continues

A flare up between arch-foes India and Pakistan appeared to be easing on Saturday after Islamabad handed back a captured Indian pilot, amid efforts by global powers to prevent a war between the nuclear-armed neighbors. Wing Commander Abhinandan Varthaman, who became the face and symbol of the biggest clash between India and Pakistan in many years, walked across the border just before 9 p.m. (1600 GMT) on Friday in a high-profile handover shown on live television. Shelling on both sides of the Li


A flare up between arch-foes India and Pakistan appeared to be easing on Saturday after Islamabad handed back a captured Indian pilot, amid efforts by global powers to prevent a war between the nuclear-armed neighbors. Wing Commander Abhinandan Varthaman, who became the face and symbol of the biggest clash between India and Pakistan in many years, walked across the border just before 9 p.m. (1600 GMT) on Friday in a high-profile handover shown on live television. Shelling on both sides of the Li
Pakistan and India step back from the brink, but unease continues Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-02  Authors: mukesh gupta, narinder nanu, afp, getty images
Keywords: news, cnbc, companies, weekthe, continues, powers, step, prevent, pakistan, global, flare, weeks, india, border, brink, war, unease


Pakistan and India step back from the brink, but unease continues

A flare up between arch-foes India and Pakistan appeared to be easing on Saturday after Islamabad handed back a captured Indian pilot, amid efforts by global powers to prevent a war between the nuclear-armed neighbors.

Wing Commander Abhinandan Varthaman, who became the face and symbol of the biggest clash between India and Pakistan in many years, walked across the border just before 9 p.m. (1600 GMT) on Friday in a high-profile handover shown on live television.

Shelling on both sides of the Line of Control (LoC) that acts as a de facto border in the disputed Kashmir region continued for a few hours after his release, resulting in four deaths, but then stopped overnight, officials said.

Pakistan touted Abhinandan’s return as “as a goodwill gesture aimed at de-escalating rising tensions with India” after weeks of unease that threatened to spiral into war after both countries used jets for bombing missions this week.

The flare up has unnerved global powers, including China and the United States, who urged restraint to prevent another conflict between neighbors who have fought three wars since independence from Britain in 1947.


Company: cnbc, Activity: cnbc, Date: 2019-03-02  Authors: mukesh gupta, narinder nanu, afp, getty images
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Dow futures rise more than 150 points as Wall Street’s roaring start to 2019 continues

ET, Dow Jones Industrial Average futures indicated a gain of more than 170 points at the open. Futures on the S&P 500 and Nasdaq 100 were also up sharply. The Dow and S&P 500 were both up more than 11 percent through Thursday’s close while the Nasdaq Composite is up 13.5 percent. That report came after White House economic advisor Larry Kudlow told CNBC the two countries are making “fantastic” progress in their negotiations. The S&P 500 was down for the week through Thursday’s close as the index


ET, Dow Jones Industrial Average futures indicated a gain of more than 170 points at the open. Futures on the S&P 500 and Nasdaq 100 were also up sharply. The Dow and S&P 500 were both up more than 11 percent through Thursday’s close while the Nasdaq Composite is up 13.5 percent. That report came after White House economic advisor Larry Kudlow told CNBC the two countries are making “fantastic” progress in their negotiations. The S&P 500 was down for the week through Thursday’s close as the index
Dow futures rise more than 150 points as Wall Street’s roaring start to 2019 continues Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-01  Authors: fred imbert
Keywords: news, cnbc, companies, rise, points, sp, streets, wall, futures, dow, 2019, stocks, report, start, told, tighter, trade, roaring, 500, continues, thursdays


Dow futures rise more than 150 points as Wall Street's roaring start to 2019 continues

U.S. stock index futures pointed to a strong open on Friday, the first day of March, as Wall Street looked to build on its best start to a year in nearly 30 years.

At around 7:20 a.m. ET, Dow Jones Industrial Average futures indicated a gain of more than 170 points at the open. Futures on the S&P 500 and Nasdaq 100 were also up sharply.

The moves in the premarket come a day after the major indexes posted solid monthly gains in February, pushing them to their best start to a year since 1991. The Dow and S&P 500 were both up more than 11 percent through Thursday’s close while the Nasdaq Composite is up 13.5 percent.

Decreasing trade tensions between China and the U.S., along with a declining fears of tighter monetary policy from the Federal Reserve, helped propel stocks higher to kick off 2019.

Bloomberg News reported Thursday that U.S. officials are getting a final trade deal ready for President Donald Trump and Chinese President Xi Jinping to sign around mid-March.

That report came after White House economic advisor Larry Kudlow told CNBC the two countries are making “fantastic” progress in their negotiations. Treasury Secretary Steven Mnuchin also told CNBC the two side have “made a lot of progress.”

But while stocks have been on a tear the first two months of the year, they have traded in a tighter range recently. The S&P 500 was down for the week through Thursday’s close as the index tries to break above 2,800, a level closely watched by investors and traders.

Market participants are likely to closely monitor a fresh batch of economic data on Friday. Personal income, consumer spending and core PCE figures for December and January will be released at around 8:30 a.m. ET.

Manufacturing PMI, ISM manufacturing, and consumer sentiment data are all expected to follow later in the session.

—CNBC’s Sam Meredith contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-03-01  Authors: fred imbert
Keywords: news, cnbc, companies, rise, points, sp, streets, wall, futures, dow, 2019, stocks, report, start, told, tighter, trade, roaring, 500, continues, thursdays


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Amazon continues its push into the pharmacy business, and has appointed a 14-year vet to run it

Amazon has tapped 14-year company veteran Nader Kabbani to run its new pharmacy business, including the team that came in through last year’s acquisition of PillPack, CNBC has learned. The entire team at PillPack, which Amazon bought for more than $800 million in June 2018, reports directly to Kabbani, the document says. He was in charge of Amazon Flex, the company’s program that hires individuals to make deliveries on a flexible schedule, as well as other aspects of Amazon’s last-mile delivery


Amazon has tapped 14-year company veteran Nader Kabbani to run its new pharmacy business, including the team that came in through last year’s acquisition of PillPack, CNBC has learned. The entire team at PillPack, which Amazon bought for more than $800 million in June 2018, reports directly to Kabbani, the document says. He was in charge of Amazon Flex, the company’s program that hires individuals to make deliveries on a flexible schedule, as well as other aspects of Amazon’s last-mile delivery
Amazon continues its push into the pharmacy business, and has appointed a 14-year vet to run it Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-27  Authors: christina farr, eugene kim, getty images, source
Keywords: news, cnbc, companies, billion, pharmacy, president, pillpack, appointed, flex, run, amazons, continues, 14year, health, vet, push, business, team, vice, amazon


Amazon continues its push into the pharmacy business, and has appointed a 14-year vet to run it

Amazon has tapped 14-year company veteran Nader Kabbani to run its new pharmacy business, including the team that came in through last year’s acquisition of PillPack, CNBC has learned.

Kabbani, who helped build Amazon’s Kindle self-publishing platform and has served as vice president in the logistics and Flex businesses, is now “vice president of consumables, special projects,” according to an internal document that was viewed by CNBC.

The entire team at PillPack, which Amazon bought for more than $800 million in June 2018, reports directly to Kabbani, the document says. That includes CEO TJ Parker, product chief Elliot Cohen and technology head Alan Gao.

Amazon declined to comment.

The pharmacy business has huge potential for Amazon. In the U.S., more than 4 billion prescriptions are ordered annually, and spending is expected to top $600 billion in the next few years, much of that covered by insurers and Medicare and Medicaid. With PillPack, Amazon is poised to take a slice of the growing home delivery market, though it could also potentially incorporate retail pharmacy offerings at Whole Foods locations, after buying the upscale grocery chain for more than $13 billion in 2017.

Kabbani’s appointment shows Amazon is putting one of its most ambitious new projects in the hands of a trusted company executive with plenty of experience in supply chain and logistics, but no background in pharmaceuticals or health care. He was in charge of Amazon Flex, the company’s program that hires individuals to make deliveries on a flexible schedule, as well as other aspects of Amazon’s last-mile delivery strategy. His LinkedIn page has him listed as the vice president of Flex since March 2017.

The pharmacy and distribution industries have been watching Amazon’s every move.

Following the announced acquisition of PillPack, shares of drug distributors and pharmacies plummeted, with Walgreens Boots Alliance plunging 9.9 percent and McKesson dropping 6.1 percent. CVS Health, Cardinal Health, AmerisourceBergen and Rite Aid also fell on concern that Amazon would eat into their markets. Pharmacy is a notoriously challenging sector, given the dominance of brick-and-mortar incumbents and the middlemen that negotiate drug prices and manage their distribution.


Company: cnbc, Activity: cnbc, Date: 2019-02-27  Authors: christina farr, eugene kim, getty images, source
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As fallout over pedophilia content on YouTube continues, AT&T and Hasbro pull all advertisements

“Until Google can protect our brand from offensive content of any kind, we are removing all advertising from YouTube,” an AT&T spokesperson told CNBC. The company originally pulled its entire ad spend from YouTube in 2017 after revelations that its ads were appearing alongside offensive content, including terrorist content, but resumed advertising in January. There’s no evidence that AT&T ads ran before any of the videos brought into question by recent reports. Also on Thursday, AdWeek obtained


“Until Google can protect our brand from offensive content of any kind, we are removing all advertising from YouTube,” an AT&T spokesperson told CNBC. The company originally pulled its entire ad spend from YouTube in 2017 after revelations that its ads were appearing alongside offensive content, including terrorist content, but resumed advertising in January. There’s no evidence that AT&T ads ran before any of the videos brought into question by recent reports. Also on Thursday, AdWeek obtained
As fallout over pedophilia content on YouTube continues, AT&T and Hasbro pull all advertisements Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: todd haselton, sara salinas, michael newberg
Keywords: news, cnbc, companies, continues, pedophilia, youtube, att, videos, content, advertising, advertisements, ads, fallout, comments, making, hasbro, pull


As fallout over pedophilia content on YouTube continues, AT&T and Hasbro pull all advertisements

AT&T and Hasbro are the latest companies to pull its ads from Google’s YouTube following reports that pedophiles have latched onto videos of young children, often girls, marking time stamps that show child nudity and objectifying the children in YouTube’s comments section.

“Until Google can protect our brand from offensive content of any kind, we are removing all advertising from YouTube,” an AT&T spokesperson told CNBC. The company originally pulled its entire ad spend from YouTube in 2017 after revelations that its ads were appearing alongside offensive content, including terrorist content, but resumed advertising in January.

In a statement late Thursday, Hasbro said “Hasbro is pausing all advertising on YouTube, and has reached out to Google/YouTube to understand what actions they are taking to address this issue and prevent such content from appearing on their platform in the future.”

On Wednesday, Nestle and “Fortnite” maker Epic Games pulled some advertising. Disney reportedly also paused its ads.

There’s no evidence that AT&T ads ran before any of the videos brought into question by recent reports. Advertisers such as Grammarly and Peloton, which did see their ads placed alongside the videos, told CNBC they were in conversations with YouTube to resolve the issue.

YouTube declined to comment on any specific advertisers, but said in a statement on Wednesday, “Any content — including comments — that endangers minors is abhorrent and we have clear policies prohibiting this on YouTube. We took immediate action by deleting accounts and channels, reporting illegal activity to authorities and disabling violative comments.”

Also on Thursday, AdWeek obtained a memo YouTube sent to advertisers that outlines immediate changes YouTube says it’s making in an effort to protect its younger audience. CNBC confirmed its authenticity with one of the brands that received the memo.

YouTube said it is suspending comments on millions of videos that “could be subject to predatory comments.” It’s also making it harder for “innocent content to attract bad actors” through changes in discovery algorithms, making sure ads aren’t appearing on videos that could attract this sort of behavior, and removing accounts “that belonged to bad actors.” YouTube is also alerting authorities as needed.

CNBC’s Ryan Ruggiero contributed to this article.


Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: todd haselton, sara salinas, michael newberg
Keywords: news, cnbc, companies, continues, pedophilia, youtube, att, videos, content, advertising, advertisements, ads, fallout, comments, making, hasbro, pull


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As fallout over pedophilia content on YouTube continues, AT&T and Hasbro pull all advertisements

“Until Google can protect our brand from offensive content of any kind, we are removing all advertising from YouTube,” an AT&T spokesperson told CNBC. The company originally pulled its entire ad spend from YouTube in 2017 after revelations that its ads were appearing alongside offensive content, including terrorist content, but resumed advertising in January. There’s no evidence that AT&T ads ran before any of the videos brought into question by recent reports. Also on Thursday, AdWeek obtained


“Until Google can protect our brand from offensive content of any kind, we are removing all advertising from YouTube,” an AT&T spokesperson told CNBC. The company originally pulled its entire ad spend from YouTube in 2017 after revelations that its ads were appearing alongside offensive content, including terrorist content, but resumed advertising in January. There’s no evidence that AT&T ads ran before any of the videos brought into question by recent reports. Also on Thursday, AdWeek obtained
As fallout over pedophilia content on YouTube continues, AT&T and Hasbro pull all advertisements Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: todd haselton, sara salinas, michael newberg
Keywords: news, cnbc, companies, continues, pedophilia, youtube, att, videos, content, advertising, advertisements, ads, fallout, comments, making, hasbro, pull


As fallout over pedophilia content on YouTube continues, AT&T and Hasbro pull all advertisements

AT&T and Hasbro are the latest companies to pull its ads from Google’s YouTube following reports that pedophiles have latched onto videos of young children, often girls, marking time stamps that show child nudity and objectifying the children in YouTube’s comments section.

“Until Google can protect our brand from offensive content of any kind, we are removing all advertising from YouTube,” an AT&T spokesperson told CNBC. The company originally pulled its entire ad spend from YouTube in 2017 after revelations that its ads were appearing alongside offensive content, including terrorist content, but resumed advertising in January.

In a statement late Thursday, Hasbro said “Hasbro is pausing all advertising on YouTube, and has reached out to Google/YouTube to understand what actions they are taking to address this issue and prevent such content from appearing on their platform in the future.”

On Wednesday, Nestle and “Fortnite” maker Epic Games pulled some advertising. Disney reportedly also paused its ads.

There’s no evidence that AT&T ads ran before any of the videos brought into question by recent reports. Advertisers such as Grammarly and Peloton, which did see their ads placed alongside the videos, told CNBC they were in conversations with YouTube to resolve the issue.

YouTube declined to comment on any specific advertisers, but said in a statement on Wednesday, “Any content — including comments — that endangers minors is abhorrent and we have clear policies prohibiting this on YouTube. We took immediate action by deleting accounts and channels, reporting illegal activity to authorities and disabling violative comments.”

Also on Thursday, AdWeek obtained a memo YouTube sent to advertisers that outlines immediate changes YouTube says it’s making in an effort to protect its younger audience. CNBC confirmed its authenticity with one of the brands that received the memo.

YouTube said it is suspending comments on millions of videos that “could be subject to predatory comments.” It’s also making it harder for “innocent content to attract bad actors” through changes in discovery algorithms, making sure ads aren’t appearing on videos that could attract this sort of behavior, and removing accounts “that belonged to bad actors.” YouTube is also alerting authorities as needed.

CNBC’s Ryan Ruggiero contributed to this article.


Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: todd haselton, sara salinas, michael newberg
Keywords: news, cnbc, companies, continues, pedophilia, youtube, att, videos, content, advertising, advertisements, ads, fallout, comments, making, hasbro, pull


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