Jennifer Saba is a columnist covering media, Silicon Valley and Wall Street based in New York. She joined Breakingviews in 2015 from Reuters where she was a correspondent reporting on companies like Fox, News Corp and the New York Times. Jennifer has covered media for more than 15 years in San Francisco and New York. She began her career in advertising. She has a graduate degree in journalism from Stanford University and an undergraduate degree in English from The University of Texas.
Reed Hastings’ firm has little if any need for TV ratings, box-office sales or ads, unlike rivals. Shareholders focus on subscriber and revenue growth, fueling its stock-market success. But a slowdown in new users and an excessive, if declining, cash burn put that under threat.
The U.S. president is hailing his agreement with China as a boost to farmers and manufacturing workers. It is, but only because they were the losers from trade conflict. Obama showed that following the rules doesn’t work; Trump has only shown that ripping them up doesn’t either.
Washington’s deal enforcers are rethinking four decades of antitrust oversight by proposing a new set of guidelines. The refresh is overdue and needed following the meddling in AT&T’s deal for Time Warner. But it adds questions to a market already fraught with uncertainty.