Netflix reported a drop in subscribers for the first quarter and projected a more severe decline in the second quarter, as the company acknowledged it had misread its growth potential. Meanwhile, Netflix co-CEO Reed Hastings revealed on a conference call with analysts that he was “open” to offering a lower-priced tier supported by advertising, a significant change in Netflix’s longtime opposition...
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Musk-Twitter Drama Jumps the Shark
We’re now at that part of the Elon Musk–Twitter drama where—as happens for some long-running TV shows—the plotline has gone off the rails. Of course, this isn’t a TV show, although there likely will be one, and I nominate Jonah Hill to play Elon Musk. And what seems off the wall is just life in Musk’s world. It’s a little like the alternate reality Donald Trump creates to replace a less...
China’s Vice Premier Vows Support for Tech Sector, IPOs
Apple Delays Plan For Workers To Return to Office 3 Days a Week
Netflix Lays Off 150 People
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Within Silicon Valley power circles, being “on the beach” is a euphemism that covers a continuum of unemployment, from “retired rich” to “brief pause between high-powered jobs.” Tony Fadell has been metaphorically on the beach for six years, ever since leaving Google, which paid $3.2 billion for Nest Labs, the maker of smart thermostats he co-founded, in 2016.