While More People Switch To Streaming TV, Cable Stocks are Plummetting

An anonymous reader quotes Investor’s Business Daily: Shares in Charter Communications plunged after the cable TV firm reported first quarter earnings and lost more video subscribers than expected, also sparking a sell-off in Comcast and Altice USA… Charter said it lost 122,000 video subscribers, nearly triple analyst predictions for a fall of 43,000. Comcast on Wednesday said it lost 96,000 video subscribers, exceeding estimates for a drop of 75,000…. With…

April 28, 2018
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Du Xiaoman Financial, Baidu’s new financial services arm that uses AI to provide short-term loans and investment services, raises $1.9B led by TPG and Carlyle (Bloomberg)

April 28, 2018

Bloomberg: Du Xiaoman Financial, Baidu’s new financial services arm that uses AI to provide short-term loans and investment services, raises $1.9B led by TPG and Carlyle  —  SVP Zhu Guang will run newly spun-off finance division  —  New fintech company will be one of China’s best-funded Source: http://www.techmeme.com

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Tesla Driver Banned From Driving For 18 Months For Sitting in Passenger Seat

A 39-year-old motorist pointed his Tesla S60 down a highway at 40 mph — while sitting in its passenger seat, leaning back with his hands behind his head. Another motorist spotted the empty driver’s seat and filmed the car. Now (nearly a year later) the Tesla’s owner “has been banned from driving for 18 months,” the Guardian reports. The driver, from Nottingham, pleaded guilty to one count of dangerous driving…

April 28, 2018
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In a Q&A after receiving the Axel Springer award for 2018, Jeff Bezos discusses The Washington Post, Trump admin, privacy concerns, and the early days of Amazon (Mathias Döpfner/Business Insider)

April 28, 2018

Mathias Döpfner / Business Insider: In a Q&A after receiving the Axel Springer award for 2018, Jeff Bezos discusses The Washington Post, Trump admin, privacy concerns, and the early days of Amazon  —  Mathias Döpfner, the CEO of Business Insider’s parent company, Axel Springer, recently sat down with Amazon CEO Jeff Bezos … Source: http://www.techmeme.com

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In a Q&A after receiving the Axel Springer award for 2018, Jeff Bezos discusses The Washington Post, Trump admin, privacy concerns, and the early days of Amazon (Mathias Döpfner/Business Insider)

April 28, 2018

Mathias Döpfner / Business Insider: In a Q&A after receiving the Axel Springer award for 2018, Jeff Bezos discusses The Washington Post, Trump admin, privacy concerns, and the early days of Amazon  —  Mathias Döpfner, the CEO of Business Insider’s parent company, Axel Springer, recently sat down with Amazon CEO Jeff Bezos … Source: http://www.techmeme.com

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Facebook Warns Investors They Expect To Find ‘Additional Incidents’ of User Data Abuse

Facebook earned $4.99 billion in the first three months of 2018 (on sales of $11.97 billion). But their quarterly report included some new warnings, according to the Bay Area Newsgroup: In its 141-page filing with the Securities and Exchange Commission Thursday, Facebook — like all public companies — warned of risk factors, the official version of what might keep CEO Mark Zuckerberg up at night. Chief among them is the…

April 28, 2018
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Facebook Warns Investors They Expect To Find ‘Additional Incidents’ of User Data Abuse

Facebook earned $4.99 billion in the first three months of 2018 (on sales of $11.97 billion). But their quarterly report included some new warnings, according to the Bay Area Newsgroup: In its 141-page filing with the Securities and Exchange Commission Thursday, Facebook — like all public companies — warned of risk factors, the official version of what might keep CEO Mark Zuckerberg up at night. Chief among them is the…

April 28, 2018
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Bill Gates: U.S. Education Harder to Improve Than Infant Mortality Rates

gthuang88 writes: In a Q&A with Harvard students, Bill Gates said his foundation’s work on K-12 education in the U.S. has had little impact, at least compared to its success in reducing infant mortality in developing countries. The challenge with education, he said, is that it is “essentially a social construct” that depends on creating the right culture of accountability and interactions — and funding, of course. Gates said if…

April 28, 2018
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Bill Gates: U.S. Education Harder to Improve Than Infant Mortality Rates

gthuang88 writes: In a Q&A with Harvard students, Bill Gates said his foundation’s work on K-12 education in the U.S. has had little impact, at least compared to its success in reducing infant mortality in developing countries. The challenge with education, he said, is that it is “essentially a social construct” that depends on creating the right culture of accountability and interactions — and funding, of course. Gates said if…

April 28, 2018
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