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
Despite a disappointing earnings report, Wall Street analysts are sticking by the stock and looking ahead to the third quarter.Marketsread 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
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
Revenue of $10.24 billion exceeded the consensus estimate by almost $250 million.Financeread more
The strengthening of the president's formidable campaign war chest has led his organization, along with the Republican National Committee, to raise over $100 million in the...2020 Electionsread more
The three-judge panel in the U.S. Court of Appeals for the Second Circut also upheld the more than $7.7 million in fines and restitution that a judge imposed on Shkreli last...Biotech and Pharmaceuticalsread more
Raymond James upgraded Apple and said its most recent checks show Apple is preparing to bring a 5G iPhone to a wider range of models than previously thought.Marketsread more
Toys R Us is opening two permanent stores in November — at Simon Property Group's Galleria mall in Houston and at Unibail-Rodamco-Westfield's Garden State Plaza mall in...Retailread more
About 150 million Americans came in contact with divisive content or advertisements from bogus Russian-based accounts, according to Facebook. Russian state actors are also suspected of trying to influence the election through platforms like Google and Twitter.
"Those people have all been Zucked. They've all had their brains altered, and they've come to believe things that weren't true. And I want Facebook to contact every one of them," Roger McNamee said, referencing Facebook CEO and co-founder Mark Zuckerberg.
"I don't know if I would have seen it if it hadn't been for the Russian thing," McNamee told CNBC's ". " "It was only because weird things were going on in the election that I even noticed something was weird."
McNamee said Facebook should contact each person who came in contact with any "baloney" Russian propaganda on the social media site. He also said it's important that Congress ask the CEOs to come in and discuss any Russian election interference in public.
"The thing that's so different about Facebook and Google is they have personal data on every adult and most young people," McNamee said. "They are going straight into the brain of 2 billion people, and we don't have evolutionary defenses for that."
McNamee is a managing director at investment firm Elevation Partners, which invested in companies like Yelp, Palm and Facebook. Former Apple executive Fred Anderson and musician Bono also help lead the group.
McNamee's comments came after Sean Parker — an early Facebook executive — said the site was built to exploit human vulnerability. McNamee pointed to other examples, like Google's YouTube Kids, that hook relatively "defenseless" consumers.
"To me, the notion that the original president of Facebook is ... admitting that they thought about addiction as the basis of a business model is a big change. It's one thing for me to say it, it's quite another for Sean Parker to say it," McNamee said.
Facebook and Google were not immediately available to comment on McNamee's remarks.
"They didn't [build their platform] because they wanted to blow up democracy. I don't think anyone thought they would be as successful a company as they are," McNamee said. "The reality is, though, they have been that successful."
But McNamee said demands from consumers would be more powerful than just trying to undermine Facebook's profits. He said consumers should push to own their own data and that technology companies should clarify how much of consumers' data they can really view.
"Did you sign up at the beginning to have them use your information for the rest of your life? To sell it to people for uses other than Facebook?" McNamee asked. "And for them to look for pictures of you everywhere they can find them and identify everything you're doing? Did you actually sign up for that? Do you even know — does any of us know — what's in the user agreement?"