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.
Venture capitalists and CEOs are clashing over the future of the internet. Web3 is the tech world's name for a decentralized, blockchain-based internet that runs on cryptocurrency. It was recently the topic of a tweet from Block CEO and former Twitter CEO Jack Dorsey who wrote that Web3 will not actually be owned by users, and instead be controlled by rich venture capitalists. Dorsey later shared that he was blocked on Twitter by Marc Andreesen, co-founder of VC firm Andreesen Horowitz, which has invested billions of dollars into Web3 and crypto projects. Correspondent for DealBook from the New York Times, Ephrat Livni, joins Cheddar News' Closing Bell to discuss what this could mean for the future of Web3.
Prices at the pump this year reached a seven-year high, and a new forecast from GasBuddy shared with CNN predicts that gas prices will only continue to rise in 2022 and that the national average could even reach $4.00 a gallon; however, analysts at GasBuddy say anything could happen when it comes to gas prices in the future, as the pandemic has made it difficult to make any predictions about the economy. Consumer Energy Alliance federal policy advisor Michael Zehr joins Cheddar News' Closing Bell to discuss.
The two tech- billionaires Elon Musk and Jack Dorsey are the latest voices to discuss the new hypothetical internet called Web 3.0. According to the billionaires, the new concept is just a "marketing buzzword" and cannot exist without venture capitalists or large backing. However, advocates of the Web 3.0 believe this decentralized space is the next big thing to help put ownership back into the hands of the people. Senior News Editor at The Verge, Richard Lawler, joined Cheddar to discuss more.
