News
Netflix loses subscribers for the first time in a decade
Netflix reports losing 200,000 subscribers during the first quarter. They expect to lose another 2m in the next.
This is the first time in almost a decade that the company has suffered a drop.
“Our revenue growth has slowed considerably as our results and forecast below show,” the company notes in the letter to its shareholders.
The news impacted the company’s stocks as they fell 25%
In its letter, the company states four prime reasons for the drop. It includes the deceleration in broadband rollout, their competitors, COVID and the war in Ukraine.
Additionally, the company estimates that on top of their 222m paying households, the service is being shared with an additional 100m households.
As Netflix tries to work on its revenue re-growth, it will be holding its operating margin at around 20%.
Shreya Vats contributed to this report
News
Trump meets Xi and Albanese at ASEAN Summit
Trump’s ASEAN talks with Xi and Albanese may reshape Indo-Pacific trade, defense, and critical minerals strategies.
Trump’s ASEAN talks with Xi and Albanese may reshape Indo-Pacific trade, defense, and critical minerals strategies.
President Trump’s talks with Xi Jinping and Anthony Albanese at the ASEAN Summit could redefine trade, defence, and critical minerals strategy across the Indo-Pacific.
Professor Tim Harcourt from UTS joins to unpack the global and regional implications.
#ASEAN #Trump #XiJinping #AnthonyAlbanese #Trade #Defence #AUKUS #CriticalMinerals #USChina #IndoPacific
News
Bitcoin tops $110K as South Korea reforms crypto rules
Bitcoin surpasses $110,000 as South Korea reforms boost crypto and Coinbase expands into tokenised securities, reshaping inflation debates.
Bitcoin surpasses $110,000 as South Korea reforms boost crypto and Coinbase expands into tokenised securities, reshaping inflation debates.
Bitcoin has surged past $110,000 amid South Korea’s sweeping digital asset reforms and Coinbase’s expansion into tokenised securities.
Peter Chung from Presto Research joins to unpack what’s driving crypto’s comeback and how it’s reshaping the inflation hedge debate.
#Bitcoin #Crypto #DigitalAssets #Coinbase #SouthKorea #Blockchain #InflationHedge #Tokenisation
News
Trump delays Putin meeting amid Ukraine stalemate
Trump delays Putin talks until Ukraine peace progress, coinciding with new U.S. sanctions on Russian oil firms.
Trump delays Putin talks until Ukraine peace progress, coinciding with new U.S. sanctions on Russian oil firms.
President Trump has postponed talks with Vladimir Putin until meaningful progress is made on Ukraine peace negotiations, following new U.S. sanctions on Russia’s top oil firms.
The move adds pressure on Moscow as China and India scale back purchases.
#Trump #Putin #Ukraine #Russia #Sanctions #Oil #Diplomacy #China #India #USPolitics #ForeignPolicy #WhiteHouse
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