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$54BN wiped from Netflix – how do the other streamers stack up?

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Shares in Netflix have slumped dramatically, wiping more than $50 billion off the firm’s market value

The streaming giant revealed a sharp drop in subscribers and warned millions more are set to call it quits.

Netflix faces intense competition from streaming rivals, but was also hit after it raised prices and leaving russia.

From all this, It’s believed a major chunk up-to $54 billion has stripped from Netflix’s market value.

It also plans to crack down on password sharing, estimating that more than 100 million non-paying households watch the service this way.

Netflix’s shares plunged 35 per cent on Wednesday, and fell a further in opening trade on Thursday.

Even though Netflix reported its first subscriber loss in more than a decade… it’s not the case for all.

HBO and HBO Max grew to almost 77 million subscribers at the end of the first quarter this year.

Disney investors aren’t having a year as bad as Netflix shareholders, but both companies have been plagued by subscriber concerns following the surge during stay-at-home orders.

Not quite as bad as Netflix but shares of Disney have dropped nearly 15 per cent so far this year.

That makes Disney one of the worst performers in the Dow.

Despite subscriber woes, Netflix remains the world’s leading streaming service.

Netflix isn’t short of fans, with millions across the world regularly streaming their favourite Netflix originals every day

One fan was so inspired by the famous Netflix intro, he recreated it.

Stop-Motion Animator Kevin Parry made the Netflix intro with just 30 dollars worth of yarn.

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Apple delays return to the office as COVID rates spike

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Apple has delayed its staff from returning to HQ on a full-time basis

Apple has delayed its workers from returning to the office full time.

Employees who are in the current working in the office two-day-per-week as part of a trial programme will have the option to once again work fully remote if they feel uncomfortable coming into the office.

According to news outlet The Verge, a memo released by Apple’s COVID-19 response team says that its updates are based on current infection rates and hospitalisations.

Apple is also requesting employees who do decide to return to the office to wear masks when in common areas like meeting rooms, hallways, and elevators.

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New findings revealed about shocking China plane crash

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New shocking information has been revealed about the China Eastern Airlines plane that crashed in March

The incident that killed 132 people was intentionally flown into the mountainside according to reports.

U.S. officials examined the plane’s black box, uncovering that people within the cockpit deliberately caused the Boeing 737 to veer out of control.

The plane was flying on-route at a normal altitude and speed before it nosedived into a mountain.

Initially experts speculated that the crash was caused by faults in the plane design, which is what caused two other fatal plane crashes in 2018 and 2019, but no officials have indicated any mechanical issues.

The pilot and co-pilot were allegedly in good health with no known motive for crashing the plane.

Chinese authorities say that no emergency code was sent from the plane, meaning it is unlikely that an intruder entered the cockpit.

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Snapchat co-creator and supermodel pay student loans for graduating class

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Student loans still get the better of most of us, a pesky debt that hurts the hip pocket

But one graduating class got the ultimate graduation gift

Otis College of Art and Design in Downtown LA got their student loans paid by off by Snapchat co-creator Evan Spiegel and his wife and supermodel Miranda Kerr.

The president of the art college announced the gift as the single largest donation in the history of Otis College.

The previous largest gift to the school was for $10 million and the screams from the students show how much it means to them.

The president says student debt weights heavily on talented graduates and the couple’s donation will be life-changing for the Class of 2022.

Spiegel created the popular instant messaging app with two former Stanford University classmates.

The snapchat co-creator took summer classes at Otis during high school and wanted to give back to the arts college.

Spiegel and wife Miranda were given honorary degrees at the college.

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