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Netflix stock surges past $200 for first time

Netflix shares hit an all-time high Friday, briefly passing through $200 for the first time ever, an incredible milestone for a video streaming company upending the traditional media industry. The catalyst for the most recent surge was multiple top analysts on Wall Street raising their price forecasts for the company …

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Bitcoin market cap now larger than Goldman Sachs and Morgan Stanley

Vyacheslav Prokofyev | TASS | Getty Images The bitcoin community appears to have resolved the in fighting over the future of the cryptocurrency. Bitcoin’s market capitalization has surpassed major stocks such as Goldman Sachs and Morgan Stanley, after the cryptocurrency hit an all-time high on Friday. The virtual currency hit …

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Samsung Electronics vice chair and CEO Oh-Hyun Kwon resigns

SeongJoon Cho | Bloomberg | Getty Images Kwon Oh-Hyun, co-vice chairman and co-CEO of Samsung Electronics, at the company’s extraordinary general meeting in Seoul on Oct. 27, 2016. Samsung Electronics said Friday that its vice chairman and chief executive officer, Oh-Hyun Kwon, had decided to step down from management. That …

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Amazon Studios chief Roy Price on leave of absence amid sexual harassment claim

Frederick M. Brown | Getty Images irector, Amazon Video on Demand, Roy Price speaks onstage during the Amazon Prime Instant Video portion of the 2014 Summer Television Critics Association at The Beverly Hilton Hotel on July 12, 2014 in Beverly Hills, California. Amazon said Thursday that Amazon Studios chief Roy …

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Delta launches automatic check-in on its mobile app

Patrick T. Fallon | Bloomberg | Getty Images Delta Air Lines Inc. signage is displayed as a traveler uses self check-in kiosk in Delta Air Lines Inc. Checking in for a flight is going the way of the paper airplane ticket. An updated version of Delta Air Lines’ iOS mobile …

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Tesla recalling 11,000 Model X SUVs for seat issue

Stephen Lam | Reuters Tesla Motors CEO Elon Musk introduces the “falcon wing” door on the Model X electric sports-utility vehicle during a presentation in Fremont, California, on September 29, 2015. Tesla Inc. is recalling 11,000 Model X SUVs worldwide because their rear seats might not lock into place. The …

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Morgan Stanley sees SpaceX value growing to more than $50 billion

Susana Gonzalez | Bloomberg | Getty Images Elon Musk, CEO for SpaceX, speaks during the International Astronautical Congress in Guadalajara, Mexico, on Sept. 27, 2016. Elon Musk is making rocket launches mundane and that could be worth tens of billions of dollars. SpaceX could become a $50 billion juggernaut through …

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Equifax says it might have been breached again

Kevin Lamarque | Reuters Richard Smith, former chairman and CEO of Equifax Inc., testifies before House Energy and Commerce hearing on “Oversight of the Equifax Data Breach: Answers for Consumers” on Capitol Hill in Washington, October 3, 2017. Equifax said on Thursday it has taken one of its customer help …

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Buy Netflix because of its amazing power to raise prices: Bernstein

Mike Blake | Reuters Comic con fans gather at the Netflix booth at Comic Con International in San Diego, California, July 19, 2017. Investors are under-estimating Netflix’s ability to charge more for its video streaming service, according to a top Wall Street firm. Bernstein reiterated its outperform rating on the …

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John Zimmer delivers 500 millionth ride

Lyft has delivered its 500 millionth ride — a milestone that speaks to the company’s growth this year. To put it in perspective, Uber celebrated its 5 billionth ride earlier this year, but it operates in nearly 85 countries. Lyft operates only in the US and has been making significant …

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