The FTC is reportedly considering hitting Facebook with a 'record-setting' fine over privacy issues (FB)

Facebook CEO Mark Zuckerberg pours a glass of water as he testifies before a joint hearing of the Commerce and Judiciary Committees on Capitol Hill in Washington.Andrew Harnik/AP Facebook’s privacy nightmare may be about to get worse. According to a new report from The Washington Post published Friday, regulators at the US Federal Trade Commission […]

Netflix says its new price hike won't kill growth, but data suggests $15 per month could be a much bigger problem (NFLX)

In general, customers begin threatening to cancel a service because of increasing prices long before they actually do. Netflix’s 2016 price hike is a perfect example. At the time, analysts at UBS surveyed customers and 41% said they would accept no price increase for Netflix. None. But UBS estimated that roughly 3% to 4% would […]

Thousands of current and former HP sales people will receive over $5,000 thanks to a $25 million lawsuit over messed up pay (HPQ, HPE)

HP and Hewlett-Packard Enterprise will pay 2,189 of its current and former California sales employees settlement fees, with an average payment of $5,430.06, after it settled their lawsuit for $25 million, court officials say. Some will be receiving much more and some far less. The case involved former salespeople alleging that HP’s computer systems weren’t […]

Tesla was right to lay off 7% of its employees as big expenses loom, experts say (TSLA)

Tesla CEO Elon Musk.Rashid Umar Abbasi / Reuters Tesla is laying off 7% of its employees, CEO Elon Musk said on Friday in an email to employees, the second round of cuts the automaker has made in less than a year. The layoffs were the right move for a company that has major expenses ahead […]

One of the most negative Netflix analysts on Wall Street explains what would make him change his tune (NFLX)

[unable to retrieve full-text content] Wedbush has one of the most bearish outlooks on Netflix of any Wall Street shop. But after the company’s earnings on Thursday, the firm’s analysts lifted their price target and said they would reconsider their “underperform” rating should Netflix’s cash burn stabilize. One of those analysts told Business Insider he […]