Desperate

Facebook’s Desperate Bid to Poach TikTok Stars May Fail Spectacularly

Facebook shuttered its answer to TikTok this month. The social media giant will launch a similar Instagram feature in August. Facebook knows it needs to poach TikTok creators – but it’s going to fail. Facebook (NASDAQ: FB) rarely meets a competitor it doesn’t want to acquire. Failing that, it seeks to vanquish them. After a…

Desperate Fed May Go Further After Bank of England’s Radical Step

Demand for liquidity could see Fed take further unprecedented action. Bank of England becomes first to directly finance state spending. More central banks could follow if borrowing costs rise. The Federal Reserve may need to provide funds directly to the U.S. government as central banks ramp up spending to tackle coronavirus. The Fed has already…

Desperate Netflix Loses Chill After Quarterly Report to Tackle Your Password Sharing

CCN previously reported that Netflix (NASDAQ:NFLX) saw a potential peak in subscriber growth in the United States. The streaming platform was already looking to their next quarterly earnings report, which was published on Oct 16. 2019, to reassure investors that the brand still had opportunities for growth. The quarterly report revealed that Netflix expects to…