Tech Brew Ride Home Wed. 07/20 – Netflix Earnings Not SO Bad
Jul 20, 2022
Netflix surprises with fewer subscriber losses than expected and hints at an ad-supported tier. Meanwhile, Twitter faces legal challenges for Elon Musk as Neuralink sees key founders depart amid uncertainty. Google's foray into augmented reality smart glasses promises practical uses, while BeReal captivates Gen Z with its focus on authenticity. The app's unique approach contrasts sharply with heavily curated platforms like Instagram, raising questions about its long-term sustainability in the evolving social media landscape.
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Netflix Earnings
- Netflix's subscriber loss was less than predicted, causing stock prices to rise.
- They plan to introduce an ad-supported tier and charge for password sharing.
Netflix's Contractual Oversight
- Netflix's lack of foresight in contracts regarding ad revenue is evident.
- They now face renegotiations with content providers, potentially at a higher cost.
Twitter vs. Musk: Expedited Trial
- Twitter was granted an expedited trial in October against Elon Musk.
- Musk's request for a delay was denied, and the trial will proceed sooner than he hoped.