Netflix, HBO cracking down on password sharing

Posted: Updated:

Here are the latest business and tech headlines from Cheddar:

Federal prosecutors have subpoenaed the four biggest American automakers related to a deal with California to follow that state's strict emissions standards. The Department of Justice is conducting an antitrust probe into that agreement, one of many fights between California and the Trump administration.

Netflix, HBO and cable companies are reportedly cracking down on password sharing. The companies will make users regularly change their passwords or confirm their identity by text message. The TV industry reportedly loses an estimated $7 billion a year in revenue to the practice.

The "Charging Bull" statue on Wall Street is moving. The famous New York City statue will be going to an undisclosed new location, but will stay in the Financial District. The sculpture has drawn large crowds of tourists and even protesters over the years.

 

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