Netflix blames its content slate, regional price increases and a "pull-forward effect" of its strong Q1 growth for the miss.Technologyread more
Netflix lost paid U.S. subscribers for the first time in eight years and fell below analyst estimates for international subscriber growth.Tech Driversread more
The Philadelphia Fed saw its primary gauge measuring the sector jump from 0.3 in June to 21.8, far better than Wall Street estimates of 5 and the highest in a year.Economyread more
Morgan Stanley highlighted 20 companies including Uber and American Express that it expects earnings will drive the stock price in the near-term.Investingread more
Stocks fell for a third straight day on Thursday as Wall Street digested a mixed batch of corporate earnings results.US Marketsread more
Revenue of $10.24 billion exceeded the consensus estimate by almost $250 million.Financeread more
Treasury Secretary Steven Mnuchin says if the call goes well, he would expect in-person meetings to take place.Marketsread more
Southwest joints United and American in taking the Boeing 737 Max out of its schedules through early November with no end in sight to the federally mandated grounding of the...Airlinesread more
Jeffrey Epstein, a former friend of presidents Donald Trump and Bill Clinton, had asked a judge to release him on a bond of as high as $100 million or more.Politicsread more
The filing came a day after the judge in Michael Cohen's criminal case ordered their release, saying that the end of a probe into those payments to alleged sexual partners of...Politicsread more
Despite a disappointing earnings report, Wall Street analysts are sticking by the stock and looking ahead to the third quarter.Marketsread more
Three years after Facebook's rocky IPO, the company has totally reinvented its business. The stock has more than doubled, and for good reason. It's gone from virtually no mobile revenue to $2.4 billion in that category in the first quarter of this year, 73 percent of its total. It's expanded Facebook's core user base more than 60 percent; more people use Facebook on their mobile devices every single day, than used the service on mobile AND desktop when it went public. And, perhaps most notably, it's expanded from just one service to a portfolio of popular apps.
So what's on the agenda for the next three years?
WhatsApp has 800 million monthly active users, Facebook Messenger has 600 million and Instagram has more than 300 million. While Instagram works to slowly roll out ads—careful not to alienate users—the question now is how WhatsApp and Messenger can similarly make money from their devoted users. And these two communication apps are sure to become more appealing as they roll out voice calling, taking on the mobile carriers.
Read More Facebook user growth crushes estimates
As the virtual reality company launches its inaugural headset in the first quarter of next year, investors will be watching to see how quickly Facebook's $2 billion acquisition of the company pays off. Oculus' success hinges not just on how many headsets it sells, but also how successfully it lures developers to its platform, rather than rivals like Sony's Morpheus. Another question: Other than video games, what different kinds of experiences, such as entertainment content and communication tools, can developers build on the platform?
Facebook has grown ad revenue so quickly, there's pressure to keep it up. Looking beyond app-install ads, there are a couple of new products that could be key, perhaps most importantly, video ads. There's also the "instant articles"—the company's just-launched system of embedding other publisher's articles on the site, along with ads. And then there's an ad exchange, to enable Facebook to automate the sales process of other publishers' ads.
Read More Facebook enters the minimum wage fight
With 1.44 billion monthly active users, there's no question that Facebook's growth will have to continue to slow, simply because the company has such massive penetration. Mark Zuckerberg has laid out his vision for expanding Internet access to the rest of the world, with drones and satellites, among other things. The success of Internet.org in spreading access may have long-term implications on the potential market for Facebook.