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Netflix’s Subscriber Growth Slows Sharply

Netflix added just 2.2 million subscribers globally in the third quarter, slightly below its own forecast but confirming its warning that the surge in new users in the first half of the year would slow. North American subscribers grew only 0.2% to 73.08 million. Netflix shares fell 5% in after-hours trading. The global subscriber adds, which lifted Netflix to 195 million, compared with 10...

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The Briefing
Watching for Peak SPAC: The Information’s Tech Briefing
Kevin Hartz, backer of the SPAC called One, which announced a merger today. Photo by Bloomberg.
Have we hit peak SPAC yet? You could have asked that question any day over the past few weeks, or months. But lately things truly seem to be hitting a new level. Four new SPAC mergers were unveiled today alone, according to SPACInsider. Adult entertainment service Stripchat said it was planning a SPAC. We reported that a Chinese private equity firm was planning a SPAC. Underlying the SPAC...
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