Tech Brew Ride Home Wed. 04/19 – The End Of Netflix’s Red Envelopes
Apr 19, 2023
Netflix's ad-supported tier is thriving, but it's the end of an era with the departure of their iconic red envelopes. Excitement builds around the upcoming Pixel Fold phone, while Meta faces another wave of layoffs amid struggling revenue. Instagram expands its features to support multiple links in bios for creators. In a bold move, Reddit plans to monetize its API, suggesting that data may soon be viewed as fertile ground for AI harvesting. The tech landscape is shifting faster than ever!
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Netflix's Ad Tier Success
- Netflix's ad-supported tier is generating more revenue per user than its ad-free tier.
- This, combined with the password-sharing crackdown and AI cost reduction, is improving their cash flow.
End of an Era
- After 25 years, Netflix is ending its DVD-by-mail service.
- The last red envelopes will be shipped in September 2023.
Impact on Movie Lovers
- Netflix's DVD service offered a wider movie selection than streaming.
- Its closure limits access to many films, especially for those who prefer physical media.