Pressure builds on Netflix as streamer is taken to court

Published

2 years ago

May 6, 2022

In times when Netflix is trying to focus on growth and avoid further subscription cancellations – the streamer now has one extra problem on its plate

Netflix shareholders are taking the streaming giant to court.

Investors are accusing the streaming entertainment company of misleading the market about its ability to keep adding subscribers in recent months.

A lawsuit has now officially been filed in San Francisco’s federal court.

It claims top executives at Netflix failed to disclose that its growth was slowing amid increased competition.

The lawsuit is seeking damages for the declines in Netflix’s share price this year, after the company missed its subscriber growth estimates.

April 20 was dooms-day for the streaming giant after it revealed it had lost 200,000 paying subscribers in the first quarter of 2022.

How Google’s Gemini AI will stand against cyber threats

Published

2 hours ago

May 8, 2024

ticker NEWS

AI takes centre stage at the RSA 2024 conference with Google unveiling advanced cybersecurity integration.

Among the myriad of announcements at this years RSA Conference, Google showcased the integration of an advanced Threat Intelligence Platform into its Gemini AI framework.

Tom Finnigan from Talkingbrands.ai joins from the RSA Conference to discuss. #featured #trending

Can AI revolutionise the fashion industry?

Published

3 hours ago

May 8, 2024

Nathan Langridge

OpenAI took centre stage at this year’s Met Gala exhibition, offering a glimpse into the future of fashion and innovation.

This years exhibition theme “Sleeping Beauties: Reawakening Fashion,” will include a chatbot linked to a 1930s wedding gown worn by New York socialite Natalie Potter.

Karen Sutherland from the the University of the Sunshine Coast joins to discuss. #featured #trending

News

How to stop the spread of AI-powered super scamming

Published

8 hours ago

May 8, 2024

Nathan Langridge

Renowned investor Warren Buffett has issued a stark warning, predicting that AI-based scamming will become the next major “growth industry.”

Buffett’s remarks come amidst a growing reliance on AI technology across various sectors, including finance, healthcare, and cybersecurity.

While AI offers numerous benefits such as automation and efficiency, its susceptibility to manipulation raises significant ethical and security concerns.

Also on this episode of Ahron & Mike Live – why employees feel they are too broke to be sick, Generative AI takes a psychedelic turn and Spot makes a new friend.

Ticker’s Ahron Young & Mike loder discuss.