Seeking Alpha Author Victor Dergunov joins Cheddar to discuss his predictions for Netflix going into 2018. The streaming service reported 110 million subscribers last quarter, but how will the Disney / Fox deal impact its future growth? Dergunov says Disney's new streaming platform won't be competition for Netflix.
What Netflix doesn't have right now is a live aspect. Dergunov says it should happen as soon as next year, as long as the platform sees potential in that type of content. He does say Netflix has a lot of international momentum, and whether it starts a live component or not, it will have another stellar year.
Plus, will Netflix open a theme park just like Disney? Dergunov believes the company will stick to more of an online marketplace. However, he never says never and wouldn't be surprised if it's something Netflix explores in the coming years.
Amazon shares jumped north of 13 percent in after-hours trading as the E-commerce giant posted a beat on earnings in its fourth quarter. Amazon saw particular success in its cloud computing business, as well as its stake in EV startup, Rivian after its massive IPO. Deren Baker, CEO, Edge by Ascential joined Cheddar's Opening Bell to discuss.
Google parent company Alphabet reporting a beat on its Q4 earnings report, with revenue up 32%. The company's strong quarter was thanks to success in its cloud and advertising businesses, which both saw solid year-over-year growth. Angelo Zino, Senior Industry Analyst, CFRA Research joined Cheddar's Opening Bell to discuss the tech giant's blowout results.
'Pixstory' is an integrity-based social media platform providing a space for healthy dialogue. It was designed to fight misinformation, hate speech, and other forms of toxicity. NBA champion and Pixstory brand ambassador, Dwight Howard, joins Cheddar News to discuss.
