Tesla shares are about to take a turn for the worse: Piper Jaffray

Tesla shares have taken a wrong turn. You’ve been backing and filling since,” Craig Johnson, chief market technician at Piper Jaffray, said Friday on CNBC’s “Trading Nation.” They don’t know what’s the difference between them, Ford, GM, and they’re struggling with production and delivery issues. “They’re trading at per units sold to market cap of $120,000. So it’s four times any other market cap per units sold out there,” he said.


Tesla shares have taken a wrong turn. You’ve been backing and filling since,” Craig Johnson, chief market technician at Piper Jaffray, said Friday on CNBC’s “Trading Nation.” They don’t know what’s the difference between them, Ford, GM, and they’re struggling with production and delivery issues. “They’re trading at per units sold to market cap of $120,000. So it’s four times any other market cap per units sold out there,” he said.
Tesla shares are about to take a turn for the worse: Piper Jaffray Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-18  Authors: keris lahiff, bryan r smith, afp, getty images, frederic j brown, victor j blue, bloomberg, joan cros garcia, corbis, kcna
Keywords: news, cnbc, companies, units, piper, stock, trading, struggling, theyre, sold, turn, jaffray, tesla, worse, market, end, shares


Tesla shares are about to take a turn for the worse: Piper Jaffray

Tesla shares have taken a wrong turn.

The stock has tumbled more than 17 percent this year with losses accelerating last week following a mediocre reception to its Model Y unveiling. It is now 29 percent off its record high set in September 2017.

One technical analyst says the stock charts point to more hardship ahead for the electric vehicle maker.

“You’ve been stuck in a trading range for about 2½ years – $245 on the lower end, $390 on the upper end. Back in December, you lost power at $390. You’ve been backing and filling since,” Craig Johnson, chief market technician at Piper Jaffray, said Friday on CNBC’s “Trading Nation.”

“To me, it looks like we’re going to come back down and retest the lower end of this price channel, confirm it before you can do any sort of tactical trading opportunity with these shares,” said Johnson. “I’m waiting for it to pull back and retest that level.”

A drop to $240 would mark a decline of about 13 percent from current levels of $276. The stock has not traded below that price since the beginning of 2017.

Fundamental issues hang over Tesla, too, says Michael Bapis, managing director at Vios Advisors at Rockefeller Capital Management.

“I can’t get comfortable owning it right now,” Bapis said Friday on the show. “They’re really struggling with brand definition. They don’t really know who they are. They don’t know what’s the difference between them, Ford, GM, and they’re struggling with production and delivery issues. The competition is heating up.”

Volkswagen has ramped up its push into the electric-vehicle space with $9 billion bookmarked for development at its Audi arm. “Tesla killer” Nio is also making strides in the Chinese market.

Tesla also trades at an extreme premium compared with its peers, says Bapis.

“They’re trading at per units sold to market cap of $120,000. Daimler and BMW trade at $30,000. So it’s four times any other market cap per units sold out there,” he said.

Tesla is the second-worst performer on the Nasdaq 100 this year. It is down 51 percent over the past 12 months.


Company: cnbc, Activity: cnbc, Date: 2019-03-18  Authors: keris lahiff, bryan r smith, afp, getty images, frederic j brown, victor j blue, bloomberg, joan cros garcia, corbis, kcna
Keywords: news, cnbc, companies, units, piper, stock, trading, struggling, theyre, sold, turn, jaffray, tesla, worse, market, end, shares


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Semiconductor rally faces a ‘collapse’, economic forecaster warns

Achuthan believes the semiconductor rally is showing signs of breaking down, and he’s blaming shipment demand. “Collapse comes to mind when you look at global demand for semiconductor chips,” he said Friday on CNBC’s “Trading Nation.” Achuthan, who co-founded the Economic Cycle Research Institute, builds his bearish case with a chart showing semiconductor chip demand. “We’ve got a 20 percent decline in the volume of semiconductor demand, and that translates to a ten year low in the growth rate o


Achuthan believes the semiconductor rally is showing signs of breaking down, and he’s blaming shipment demand. “Collapse comes to mind when you look at global demand for semiconductor chips,” he said Friday on CNBC’s “Trading Nation.” Achuthan, who co-founded the Economic Cycle Research Institute, builds his bearish case with a chart showing semiconductor chip demand. “We’ve got a 20 percent decline in the volume of semiconductor demand, and that translates to a ten year low in the growth rate o
Semiconductor rally faces a ‘collapse’, economic forecaster warns Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-17  Authors: stephanie landsman, victor j blue, bloomberg, getty images, joan cros garcia, corbis, gari garaialde, bryan r smith, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, semiconductor, warns, showing, demandits, economic, achuthan, comes, quarter, forecaster, collapse, faces, rally, demand, growth


Semiconductor rally faces a 'collapse', economic forecaster warns

Economic forecaster Lakshman Achuthan is warning investors they could get scorched by one of 2019’s most popular groups.

Achuthan believes the semiconductor rally is showing signs of breaking down, and he’s blaming shipment demand.

“Collapse comes to mind when you look at global demand for semiconductor chips,” he said Friday on CNBC’s “Trading Nation.”

Achuthan, who co-founded the Economic Cycle Research Institute, builds his bearish case with a chart showing semiconductor chip demand.

“It’s a pretty dramatic comedown,” he said. “We’ve got a 20 percent decline in the volume of semiconductor demand, and that translates to a ten year low in the growth rate of demand.”

It’s a contrarian call that comes with semiconductors locking in their best day since January 30 on Friday. The VanEck Vectors Semiconductor ETF, which tracks the group, is up almost 22 percent so far this quarter. It’s on pace for its best first quarter since its May 2000 inception date.

The bullish sentiment behind the semiconductor rally is centered on forward looking, misguided assumptions about growth, Achuthan said. He ties the continued sluggishness to a slowdown in the overall U.S. economy.

“Demand for a product that these companies sell, that’s not going to go up. There’s no rebound in sight,” Achuthan said.


Company: cnbc, Activity: cnbc, Date: 2019-03-17  Authors: stephanie landsman, victor j blue, bloomberg, getty images, joan cros garcia, corbis, gari garaialde, bryan r smith, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, semiconductor, warns, showing, demandits, economic, achuthan, comes, quarter, forecaster, collapse, faces, rally, demand, growth


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Netflix would have to do one thing for this technical analyst to get bullish again

Netflix has rocketed 35 percent higher so far this year, making it one of the best performers in the S&P 500. Bill Baruch, president of Blue Line Futures, would need to see a sharp move to break Netflix out of its two-month-long funk. Netflix would need to rally more than 5 percent to break out above $380. “International growth is really the key for Netflix and they’re really going strong there,” Tepper said Thursday on “Trading Nation.” “My take is so long as Netflix can be reasonable on what t


Netflix has rocketed 35 percent higher so far this year, making it one of the best performers in the S&P 500. Bill Baruch, president of Blue Line Futures, would need to see a sharp move to break Netflix out of its two-month-long funk. Netflix would need to rally more than 5 percent to break out above $380. “International growth is really the key for Netflix and they’re really going strong there,” Tepper said Thursday on “Trading Nation.” “My take is so long as Netflix can be reasonable on what t
Netflix would have to do one thing for this technical analyst to get bullish again Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-15  Authors: keris lahiff, joan cros garcia, corbis, getty images, gari garaialde, bryan r smith, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, growth, really, going, bullish, tepper, rally, netflix, president, analyst, need, theyre, thing, technical, trading


Netflix would have to do one thing for this technical analyst to get bullish again

Netflix has rocketed 35 percent higher so far this year, making it one of the best performers in the S&P 500.

That rally comes with a big asterisk, though. Much of its gains came in the first two weeks of the year, and since then it has flatlined, rising less than 2 percent since mid-January.

Bill Baruch, president of Blue Line Futures, would need to see a sharp move to break Netflix out of its two-month-long funk.

“It doesn’t get me excited, I don’t see a reason I need to be buying right here,” Baruch said Thursday on CNBC’s “Trading Nation.” “Get a close near $380 on a weekly basis, that would signal that it’s going to go higher and people would start to chase the market and be comfortable buying up there.”

Netflix would need to rally more than 5 percent to break out above $380. It has not closed above there since October.

Until then, the technical analyst also needs to see the stock hold up at current levels.

“Not going below $340 would be very constructive and continue to not do anything wrong as it has done for the last month and a half,” said Baruch.

A move to $340 would mark a 6 percent drop from current levels.

Mark Tepper, president of Strategic Wealth Partners, said the company faces tough competition and slowing U.S. growth, but he has faith in its expansion overseas.

“International growth is really the key for Netflix and they’re really going strong there,” Tepper said Thursday on “Trading Nation.” “There’s been absolutely no price hike there yet so you’ve really got this company which is shifting to more of a profitability focus after they’ve been so laser focused on subscriber growth for so many years and they do have the pricing power to do it.”

Global streaming paid membership revenue rose by more than 25 percent in every quarter last year. It is expected to increase in that range in the first quarter.

“My take is so long as Netflix can be reasonable on what they’re paying for content and not overpay, they’re going to leave everyone else in the dust,” he said.

Disclosure: Tepper’s firm owns Netflix.


Company: cnbc, Activity: cnbc, Date: 2019-03-15  Authors: keris lahiff, joan cros garcia, corbis, getty images, gari garaialde, bryan r smith, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, growth, really, going, bullish, tepper, rally, netflix, president, analyst, need, theyre, thing, technical, trading


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Elon Musk: Tesla will have all its self-driving car features by the end of the year

Tesla CEO Elon Musk expects that the electric car maker will have the technology needed to essentially operate vehicles without drivers by the end of the year. “I think we will be feature complete — full self-driving — this year,” Musk said. This is in line with previous comments Musk made on Tesla’s fourth-quarter earnings call. ARK Invest has a significant investment in Tesla — the carmaker comprises about 8 percent of its holdings. One of its flagship ETFs has reduced its share in Tesla, thou


Tesla CEO Elon Musk expects that the electric car maker will have the technology needed to essentially operate vehicles without drivers by the end of the year. “I think we will be feature complete — full self-driving — this year,” Musk said. This is in line with previous comments Musk made on Tesla’s fourth-quarter earnings call. ARK Invest has a significant investment in Tesla — the carmaker comprises about 8 percent of its holdings. One of its flagship ETFs has reduced its share in Tesla, thou
Elon Musk: Tesla will have all its self-driving car features by the end of the year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: robert ferris, j emilio flores, corbis, getty images
Keywords: news, cnbc, companies, operate, safe, tesla, selfdriving, musk, end, elon, think, teslas, features, technology, invest, share, car, stock


Elon Musk: Tesla will have all its self-driving car features by the end of the year

Tesla CEO Elon Musk expects that the electric car maker will have the technology needed to essentially operate vehicles without drivers by the end of the year.

The entrepreneur made the comment on a podcast with Cathie Wood and Tasha Keeney of ARK Invest, a firm that owns shares in the company. Tesla’s automated driver assistance system Autopilot has garnered both positive attention for the sophistication of its features and negative attention for its association with a number of high-profile accidents.

“I think we will be feature complete — full self-driving — this year,” Musk said. “Meaning the car will be able to find you in a parking lot, pick you up and take you all the way to your destination without an intervention, this year. I would say I am of certain of that. That is not a question mark.”

This is in line with previous comments Musk made on Tesla’s fourth-quarter earnings call.

“However,” he added, “people sometimes will extrapolate that to mean now it works with 100 percent certainty, requires no observation, perfectly. This is not the case.”

In addition, the speed at which the technology makes it into the hands of customers depends on what regulators will allow, Musk added.

However within two years, the technology ought to be there for cars to operate without any help from a driver at all.

“My guess as to when we would think it is safe for somebody to essentially fall asleep and wake up at their destination? Probably towards the end of next year,” he said. “That is when I think it would be safe enough for that.”

Tesla was not immediately available for comment.

ARK Invest has a significant investment in Tesla — the carmaker comprises about 8 percent of its holdings. The firm has a famously high $4,000 price target on the stock, but recently sold a portion of its share in the company.

One of its flagship ETFs has reduced its share in Tesla, though the stock remains one of ARK Invest’s top holdings across several funds.

— CNBC’s Lora Kolodny and Eric Rosenbaum contributed to this story.

WATCH:Elon Musk’s big ambitions may be killing Tesla


Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: robert ferris, j emilio flores, corbis, getty images
Keywords: news, cnbc, companies, operate, safe, tesla, selfdriving, musk, end, elon, think, teslas, features, technology, invest, share, car, stock


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Elon Musk: Tesla will have all its self-driving car features by the end of the year

Tesla CEO Elon Musk expects that the electric car maker will have the technology needed to essentially operate vehicles without drivers by the end of the year. “I think we will be feature complete — full self-driving — this year,” Musk said. This is in line with previous comments Musk made on Tesla’s fourth-quarter earnings call. ARK Invest has a significant investment in Tesla — the carmaker comprises about 8 percent of its holdings. One of its flagship ETFs has reduced its share in Tesla, thou


Tesla CEO Elon Musk expects that the electric car maker will have the technology needed to essentially operate vehicles without drivers by the end of the year. “I think we will be feature complete — full self-driving — this year,” Musk said. This is in line with previous comments Musk made on Tesla’s fourth-quarter earnings call. ARK Invest has a significant investment in Tesla — the carmaker comprises about 8 percent of its holdings. One of its flagship ETFs has reduced its share in Tesla, thou
Elon Musk: Tesla will have all its self-driving car features by the end of the year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: robert ferris, j emilio flores, corbis, getty images
Keywords: news, cnbc, companies, operate, safe, tesla, selfdriving, musk, end, elon, think, teslas, features, technology, invest, share, car, stock


Elon Musk: Tesla will have all its self-driving car features by the end of the year

Tesla CEO Elon Musk expects that the electric car maker will have the technology needed to essentially operate vehicles without drivers by the end of the year.

The entrepreneur made the comment on a podcast with Cathie Wood and Tasha Keeney of ARK Invest, a firm that owns shares in the company. Tesla’s automated driver assistance system Autopilot has garnered both positive attention for the sophistication of its features and negative attention for its association with a number of high-profile accidents.

“I think we will be feature complete — full self-driving — this year,” Musk said. “Meaning the car will be able to find you in a parking lot, pick you up and take you all the way to your destination without an intervention, this year. I would say I am of certain of that. That is not a question mark.”

This is in line with previous comments Musk made on Tesla’s fourth-quarter earnings call.

“However,” he added, “people sometimes will extrapolate that to mean now it works with 100 percent certainty, requires no observation, perfectly. This is not the case.”

In addition, the speed at which the technology makes it into the hands of customers depends on what regulators will allow, Musk added.

However within two years, the technology ought to be there for cars to operate without any help from a driver at all.

“My guess as to when we would think it is safe for somebody to essentially fall asleep and wake up at their destination? Probably towards the end of next year,” he said. “That is when I think it would be safe enough for that.”

Tesla was not immediately available for comment.

ARK Invest has a significant investment in Tesla — the carmaker comprises about 8 percent of its holdings. The firm has a famously high $4,000 price target on the stock, but recently sold a portion of its share in the company.

One of its flagship ETFs has reduced its share in Tesla, though the stock remains one of ARK Invest’s top holdings across several funds.

— CNBC’s Lora Kolodny and Eric Rosenbaum contributed to this story.

WATCH:Elon Musk’s big ambitions may be killing Tesla


Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: robert ferris, j emilio flores, corbis, getty images
Keywords: news, cnbc, companies, operate, safe, tesla, selfdriving, musk, end, elon, think, teslas, features, technology, invest, share, car, stock


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The 20 hottest job skills in 2019 that will get you hired

Businesses are continuing to invest in solutions that allow them to capitalize on the value of their data, specifically leveraging freelance Hadoop experts. Among freelancers with a four-year college degree, 93 percent say skills training was useful versus only 79 percent that say their college education was useful to the work they do now. Growth in this area suggests an emerging trend where more people are getting training on the job. Organizations who experience the highest return on investmen


Businesses are continuing to invest in solutions that allow them to capitalize on the value of their data, specifically leveraging freelance Hadoop experts. Among freelancers with a four-year college degree, 93 percent say skills training was useful versus only 79 percent that say their college education was useful to the work they do now. Growth in this area suggests an emerging trend where more people are getting training on the job. Organizations who experience the highest return on investmen
The 20 hottest job skills in 2019 that will get you hired Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: barbara booth, cecilie_arcurs, getty images, horacio villalobos, corbis, slaven vlasic, getty images entertainment, reuters robert galbraith, christina farr
Keywords: news, cnbc, companies, data, help, value, businesses, security, design, job, skills, hadoop, training, hottest, 2019, growth, hired, 20


The 20 hottest job skills in 2019 that will get you hired

Investments in big data solutions are increasing. Hadoop, an open-source software used to store, process and analyze big data applications, was the fastest-growing skill out of more than 5,000 skills freelancers provided in the fourth quarter on Upwork.com. Businesses are continuing to invest in solutions that allow them to capitalize on the value of their data, specifically leveraging freelance Hadoop experts. According to market research firm Transparency, the global Hadoop market is expected to grow an average of 29 percent year-over-year for the next five years, reaching $38 billion by 2023.

New, nontraditional education options are proliferating. Among freelancers with a four-year college degree, 93 percent say skills training was useful versus only 79 percent that say their college education was useful to the work they do now. As companies realize how critical reskilling is for their workforces, they’re turning to workers who are adept in employee training and Learning Management Solution (LMS) consulting to help create programs that encourage cultures of continuous learning. Growth in this area suggests an emerging trend where more people are getting training on the job.

Businesses are doubling down on mobile efforts. Consumers now spend more than five hours a day on their smartphones, and apps account for more than 90 percent of internet time on those devices. Businesses are doubling down on their mobile efforts in order to meet consumers where they are, resulting in a demand for app store optimization and app usability analysis.

Companies are upping customer experience. As more companies undergo digital transformation, they’re realizing that design can not only create value and better business outcomes but also help them survive. Organizations who experience the highest return on investment instill a data-driven design approach and successfully integrate design into their business strategy. This is underscored by high growth in demand for Invision, a digital product design platform, and Intercom, a customer-messaging platform that makes apps for sales, marketing and support. Businesses use the tool to more effectively acquire, engage and retain customers.

Rise in cybercrime is spurring growth in security skills. Cybercrime is predicted to cost the world $6 trillion annually by 2021, yet the number of cybersecurity job openings is expected to reach 3.5 million globally by the same year. To access seasoned professionals who have a comprehensive understanding of the IT landscape and can help mitigate risk, businesses are hiring certified information systems security professionals to design, implement and manage cybersecurity programs. Another precaution businesses are taking is beefing up security through OAuth, which enables token-based authentication and authorization online and gives employees a safer and more secure way to access data.


Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: barbara booth, cecilie_arcurs, getty images, horacio villalobos, corbis, slaven vlasic, getty images entertainment, reuters robert galbraith, christina farr
Keywords: news, cnbc, companies, data, help, value, businesses, security, design, job, skills, hadoop, training, hottest, 2019, growth, hired, 20


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Want to spend Valentine’s Day like a multimillionaire? Here are 9 ideas — for $30 or less

Valentine’s Day is a chance for couples to dote on the ones they love most. It’s also the perfect excuse for celebrity couples to say “I love you” with extravagant gifts like a brand new Bentley or customized jewelry. Luckily, if you’re a normal person (read: would prefer to save for retirement) looking to take a page from the multimillionaire’s book of gift-giving, there are ways to express your affection without breaking the bank. Here are nine cost-effective alternatives inspired by celebrity


Valentine’s Day is a chance for couples to dote on the ones they love most. It’s also the perfect excuse for celebrity couples to say “I love you” with extravagant gifts like a brand new Bentley or customized jewelry. Luckily, if you’re a normal person (read: would prefer to save for retirement) looking to take a page from the multimillionaire’s book of gift-giving, there are ways to express your affection without breaking the bank. Here are nine cost-effective alternatives inspired by celebrity
Want to spend Valentine’s Day like a multimillionaire? Here are 9 ideas — for $30 or less Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-05  Authors: mia mercado, paramount pictures, sunset boulevard, corbis, getty images
Keywords: news, cnbc, companies, say, spend, ways, celebrity, youre, retirement, read, love, multimillionaire, day, ideas, save, 30, couples, valentines


Want to spend Valentine's Day like a multimillionaire? Here are 9 ideas — for $30 or less

Valentine’s Day is a chance for couples to dote on the ones they love most. It’s also the perfect excuse for celebrity couples to say “I love you” with extravagant gifts like a brand new Bentley or customized jewelry.

Luckily, if you’re a normal person (read: would prefer to save for retirement) looking to take a page from the multimillionaire’s book of gift-giving, there are ways to express your affection without breaking the bank. Here are nine cost-effective alternatives inspired by celebrity gestures of holidays past.


Company: cnbc, Activity: cnbc, Date: 2019-02-05  Authors: mia mercado, paramount pictures, sunset boulevard, corbis, getty images
Keywords: news, cnbc, companies, say, spend, ways, celebrity, youre, retirement, read, love, multimillionaire, day, ideas, save, 30, couples, valentines


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Your boarding pass could be your ticket to hidden perks: Here’s how to access them

An airline ticket doesn’t give passengers much in the way of “extras” like meals, cocktails or a reserved seat in the air. However, tucked away in boarding passes that most travelers toss away, are a wide range of free and discounted perks. Bonuses include free ski lift tickets, complimentary wine tastings, as well as discounts on meals, ground transportation and adventures. Some of the deals, recently compiled by CNBC, are offered for limited times, or only during certain seasons, but others ca


An airline ticket doesn’t give passengers much in the way of “extras” like meals, cocktails or a reserved seat in the air. However, tucked away in boarding passes that most travelers toss away, are a wide range of free and discounted perks. Bonuses include free ski lift tickets, complimentary wine tastings, as well as discounts on meals, ground transportation and adventures. Some of the deals, recently compiled by CNBC, are offered for limited times, or only during certain seasons, but others ca
Your boarding pass could be your ticket to hidden perks: Here’s how to access them Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-02  Authors: harriet baskas, james leynse, corbis, getty images, karl weatherly, david paul morris, bloomberg
Keywords: news, cnbc, companies, heres, ticket, away, boarding, toss, meals, pass, perks, times, hidden, free, passengers, youre, access, extras, wine


Your boarding pass could be your ticket to hidden perks: Here's how to access them

An airline ticket doesn’t give passengers much in the way of “extras” like meals, cocktails or a reserved seat in the air. However, tucked away in boarding passes that most travelers toss away, are a wide range of free and discounted perks.

Bonuses include free ski lift tickets, complimentary wine tastings, as well as discounts on meals, ground transportation and adventures. There are even some extras available to railroad passengers as well.

Some of the deals, recently compiled by CNBC, are offered for limited times, or only during certain seasons, but others can be used multiple times. Read the details – and keep them in mind the next time you’re quick to delete or toss your boarding pass after your trip.


Company: cnbc, Activity: cnbc, Date: 2019-02-02  Authors: harriet baskas, james leynse, corbis, getty images, karl weatherly, david paul morris, bloomberg
Keywords: news, cnbc, companies, heres, ticket, away, boarding, toss, meals, pass, perks, times, hidden, free, passengers, youre, access, extras, wine


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Netflix price hike may spur growth in illegal password sharing

Netflix’s recent price hike might fuel growth among a different group of viewers: password borrowers. “Password sharing is something you have to learn to live with, because there’s so much legitimate password sharing, like you sharing with your spouse, with your kids …. so there’s no bright line, and we’re doing fine as is,” said Netflix co-founder and CEO Reed Hastings during Netflix’s third-quarter earnings webcast in 2016. Other content streaming services generally have similar language. Un


Netflix’s recent price hike might fuel growth among a different group of viewers: password borrowers. “Password sharing is something you have to learn to live with, because there’s so much legitimate password sharing, like you sharing with your spouse, with your kids …. so there’s no bright line, and we’re doing fine as is,” said Netflix co-founder and CEO Reed Hastings during Netflix’s third-quarter earnings webcast in 2016. Other content streaming services generally have similar language. Un
Netflix price hike may spur growth in illegal password sharing Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-30  Authors: jessica bursztynsky, gabjones, bloomberg, getty images, tero vesalainen, ted soqui, corbis, -brett sappington, senior director of research at parks associates
Keywords: news, cnbc, companies, hike, price, theres, terms, growth, sharing, plan, share, spur, netflix, illegal, streaming, password, services, passwords


Netflix price hike may spur growth in illegal password sharing

Netflix’s recent price hike might fuel growth among a different group of viewers: password borrowers.

The streaming giant recently announced an upcoming price increase of 13 percent to 18 percent. The fee hike will raise the cost of the cheapest plan to $9, up from $8. The company’s HD standard plan will cost $13, up from $11. Finally, its 4K premium plan will rise to $16, up from $14.

Suddenly, borrowing sign-in credentials from friends and family seems like an attractive idea for the cost-conscious.

For what it’s worth, streaming platforms already know you’re sharing your passwords. And they’re not happy about it.

“Password sharing is something you have to learn to live with, because there’s so much legitimate password sharing, like you sharing with your spouse, with your kids …. so there’s no bright line, and we’re doing fine as is,” said Netflix co-founder and CEO Reed Hastings during Netflix’s third-quarter earnings webcast in 2016.

Netflix notes in its Terms of Use that passwords “may not be shared with individuals beyond your household,” so when users sign up for an account, they automatically agree not to share. Other content streaming services generally have similar language.

When contacted for comment, a spokeswoman for Netflix referred to the company’s terms of service.

And what if you don’t follow the rules? Unauthorized password sharing can be considered a violation of the U.S. Computer Fraud and Abuse Act, according to a July 2016 ruling by the U.S. Ninth Circuit Court of Appeals.

While streaming services generally haven’t cracked down on those who share passwords, they do retain the ability to monitor how you use their service and may send warnings to violators.


Company: cnbc, Activity: cnbc, Date: 2019-01-30  Authors: jessica bursztynsky, gabjones, bloomberg, getty images, tero vesalainen, ted soqui, corbis, -brett sappington, senior director of research at parks associates
Keywords: news, cnbc, companies, hike, price, theres, terms, growth, sharing, plan, share, spur, netflix, illegal, streaming, password, services, passwords


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Toys R Us built a kingdom and the world’s biggest toy store. Then, they lost it.

Toys R Us’ status as the most important toy store in town left it cavalier, if cocky at times, according to conversations with former employees, executives and industry insiders, who spoke to CNBC on the condition of anonymity. The story begins with Lazarus, the store’s visionary who wanted the “R” written backward — an ode to childlike scrawl. Lazarus, who has been described as one of the great merchants of his time, expanded a baby furniture store he owned into a toy store. In its heyday in th


Toys R Us’ status as the most important toy store in town left it cavalier, if cocky at times, according to conversations with former employees, executives and industry insiders, who spoke to CNBC on the condition of anonymity. The story begins with Lazarus, the store’s visionary who wanted the “R” written backward — an ode to childlike scrawl. Lazarus, who has been described as one of the great merchants of his time, expanded a baby furniture store he owned into a toy store. In its heyday in th
Toys R Us built a kingdom and the world’s biggest toy store. Then, they lost it. Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-26  Authors: lauren hirsch, eduardo munoz, jacques m chenet, corbis, getty images, scott mlyn, peter foley, bloomberg, jason alden
Keywords: news, cnbc, companies, written, toy, biggest, toys, worlds, built, went, store, lost, stores, lazarus, world, week, kingdom, important


Toys R Us built a kingdom and the world's biggest toy store. Then, they lost it.

The toy emporium that Charles P. Lazarus envisioned has been reduced to dusty floors and empty shelves.

Much has been said about the demise of the toy empire, which this week announced its plan to liquidate. There have been fingers pointed at corporate raiders, Amazon and big-box stores. All contributed to its undoing.

Ultimately, though, Toys R Us’ collapse is a story of loyalty run dry. The store in its early days fostered devotion from customers and toymakers. In the end, it lost hold on both.

Toys R Us’ status as the most important toy store in town left it cavalier, if cocky at times, according to conversations with former employees, executives and industry insiders, who spoke to CNBC on the condition of anonymity. It didn’t invest in its stores, even as it was adding to the fleet, leaving it vulnerable when new competition moved in.

The story begins with Lazarus, the store’s visionary who wanted the “R” written backward — an ode to childlike scrawl. Lazarus, who has been described as one of the great merchants of his time, expanded a baby furniture store he owned into a toy store. By 1978, he had created a toy superstore large enough to become a public company.

In its heyday in the 1980s and 1990s, it was the most important toy store in the country, if not the world. Its strength grew as competitors Kiddie City and Child World went out of business.


Company: cnbc, Activity: cnbc, Date: 2019-01-26  Authors: lauren hirsch, eduardo munoz, jacques m chenet, corbis, getty images, scott mlyn, peter foley, bloomberg, jason alden
Keywords: news, cnbc, companies, written, toy, biggest, toys, worlds, built, went, store, lost, stores, lazarus, world, week, kingdom, important


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