4 Most Important Things in Business Today

By Douglas A. McIntyre Updated Mar 13, 2:59PM EDT · Published Dec 1, 6:31AM EST

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AT&T Inc. (NYSE: T) will launch a three-tiered streaming service via its Time Warner division. According to The Wall Street Journal:

AT&T Inc., trying to reassure investors it can capitalize on its big acquisition of Time Warner, said it plans to offer three versions of a new streaming video service next year that will feature original movies and television series from Warner Bros., Turner and HBO.

The service, intended to help the telecom giant compete with new technology rivals like Netflix Inc. and a similar online system planned by Walt Disney Co., is part of AT&T’s venture into other fields aside from wireless and traditional pay-TV services.

Microsoft Corp. (NASDAQ: MSFT) has passed Apple Inc, (NASDAQ: AAPL) in market cap.

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Netflix Inc. (NASDAQ: NFLX) has started to release movies in theaters. According to Bloomberg:

Netflix Inc. has an Oscar contender on its hands with “Roma,” a drama about a Mexico City family from Academy Award-winning director Alfonso Cuaron.

The company thought enough of the film to break with one of its foremost traditions: Netflix released “Roma” in theaters last week ahead of its online debut — anathema for the world’s biggest paid video-streaming service. But since then, the company hasn’t followed the typical playbook for promoting a likely Oscar winner.

Bitcoin fell 37% in November. According to CNBC:

The world’s largest cryptocurrency ended November down 37 percent, its worst drop since April 2011 when the cryptocurrency fell about 39 percent, according to data from CoinDesk.

Bitcoin hit a low of $3,878.66 Friday after starting November above the $6,300 mark. The digital currency is now down more than 70 percent since the start of 2018 and 80 percent from its all-time high hit late last year.

The market capitalization of all major cryptocurrencies took a $70 billion hit for the month, according to CoinMarketCap.com.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.