reid hastings wants to run a content kpcompany, a studio. not a streaming service.omething that has the multiple of a streaming service and software company that's where i get worked up about netflix. not that it's not a great company that changed the world, it is. at what price? >> does apple need somebody? do they twhal have actually hav something or get into the content a lot deeper they have the similar algorithms they're able to follow along with facebook, everything else, know what we're doing, how we're doing it, what we like to do. >> which is very scary >> maybe for all of us. >> just kidding. > nt,haa bro martin shkreli back in court today. we're back with much more "fast" right after this . that's why we meet or exceed 15 global regulations for baby products. and where standards differ, we always go with the toughest. johnson's. >>> welcome back to "fast money. pharma bro martin shkreli back in court today as the trial officially kicks off let's get to megat . >> reporter: the so-called pharma bro arriving in federal court in brooklyn this morning, faces

speaking to cnbc on the sidelines of the code c conference, reid hastings says spending will go handwith new shows and films. he also commented on what he sees the biggest competition, seeing amazon as one of the biggest threats to their business. >> they're so scary. how are they doing so many different business areas so well? it's like they're trying to repeal the basic laws of business, of limited capabilities. we're continuing to watch them, be impressed with them and they're helping to grow the industry. >> are they your biggest threat? >> they're awfully scary, i would say. i don't know if they're biggest, but awfully scary. >>> another focus was on cloud computing. ruth porat said google was late to the game when it came to investing in the cloud. >> if you look at what it takes to have a successful cloud business, we have it. an efficient technical infrastructure, security we have, data analytics, and our g suite apps. so we brought it under one roof, we have been late to invest, which is why we're investing meaningfully. >> bitcoin's rally in recent weeks has been supported

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