Not only are young adults more likely to “cut the cord” and give up pay-TV services, they’re also more likely to switch among providers of Internet video streaming services, says a BMO Capital Markets report. The report cites data from TV ratings provider Nielsen. Young adults, oft-called called millennials, have been big users of Netflix (NFLX), Amazon.com ‘s (AMZN) video service, and Hulu. Dish Network (DISH) and Sony early in 2015 launched
Online payment processor PayPal is much likelier to partner with China’s Alibaba Group than Amazon.com (AMZN) after its spinoff from eBay, speculates Morgan Stanley, which raised its price target on eBay. Brian Nowak, an analyst at Morgan Stanley, raised his price target on eBay (EBAY) to 68 from 52 in a research report Thursday, on views an alliance with Alibaba (BABA) could materialize. He valued PayPal, which has expanded into mobile payments,
Amazon (AMZN) beat out Google (GOOGL) last year in acquiring gaming-focused live-streamer Twitch, but the search engine giant is rolling out its counterpoint, YouTube Gaming, this summer. Google’s new hub for gaming-related content made its presence known at E3, bringing in popular content creators such as Rooster Teeth — the fourth most-viewed non-music YouTube channel in the world — to host from the booth’s main stage. YouTube may be a household