The company blamed its Q2 content slate and price increases for the subscriber miss.Technologyread more
Corporate earnings forecasts for the second quarter were lowered so much that companies are easily beating them.Market Insiderread more
The central bank is not normally in the business of easing into an economy that is showing few signs of a recession, generally holding fire until more pronounced signs of a...The Fedread more
IBM's year-over-year revenue has now declined for four quarters in a row. Impact from Red Hat is not yet factored into the company's guidance.Technologyread more
Netflix can sustain its lofty valuation only if global subscriber growth can support increasing content spending and debt. And growth is entirely dependent on Netflix's...Technologyread more
Prosecutors in Masschusetts have dropped a criminal case against actor Kevin Spacey, who had been accused of groping an 18-year-old man.Entertainmentread more
Yes, Netflix is losing "The Office" and "Friends" in the next two years. But that may not be a bad thing for the streaming company.Entertainmentread more
Challenging conditions in the U.S. housing market, along with tighter currency controls by the Chinese government, cause a stunning drop in foreign demand for American homes.Real Estateread more
Trade negotiations between the world's two largest economies are stuck at a standstill, the Wall Street Journal reported Wednesday.Marketsread more
House Speaker Nancy Pelosi says she wants her chamber to vote on a debt ceiling and budget deal by July 26.Politicsread more
Philips has acquired a start-up that texts you about your poop. That's Medumo, a Boston-based company, which works with hospitals to guide their patients through common...Technologyread more
Andrew Left is bullish on shares of Twitter at its current price level.
Despite being much maligned, Twitter is "a compelling product," Left said in an interview Friday on CNBC's "Halftime Report. " "When you compare the market cap to Facebook, it has a long way to go. … It's a compelling platform for where its trading. "
Twitter had a market value of nearly $18 billion as of midday Friday versus Facebook's $547 billion market cap.
Left, who is known for his short-selling bets against companies, said his firm is long Twitter shares. He said Twitter's competitive position in the social media space is underrated.
"You can see the engagement levels on Twitter and the relevancy it's playing in our society can't be denied," he said. "They dominate that space of social media."
Greenlight Capital's David Einhorn also revealed in a note to investors that his fund bought Twitter shares on Jan. 16.
"Despite a massive user base and broad reach, Twitter has an enterprise value of about 2% of Facebook, the largest social media platform," Einhorn wrote.
Left gained notoriety for successful bets against stocks such as Valeant Pharmaceuticals. He is known for his bearish company-specific reports published his website Citron Research.
Shares of Twitter were up about 8 percent Friday.