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Netflix loses subscribers for the first time in a decade

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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

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Taylor Swift secretly gets engaged to Joe Alwyn

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Taylor Swift is set to marry her British boyfriend Joe Alwyn, after a secret engagement

Singer Taylor Swift will tie the knot after her boyfriend of five years, Joe Alwyn, after a secret engagement months ago.

Reports suggest the couple have told their inner circle, and 32-year-old Swift only wears her ring behind closed doors.

The pair have been pictured only a handful of times on the red carpet but sources say they are both incredibly happy.

There are no specific details around the wedding, or if the couple will confirm the engagement speculation.

They’ve been together for around five years after meeting at the 2016 Met Gala.

Swift and Alwyn have collaborated on two songs in her Folklore album and three on Evermore.

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Amazon slaps on new restrictions, Queer community furious

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Online retail giant Amazon has slapped on new restrictions that has left the LGBTQ+ community furious

Amazon has restricted search results related to Queer people and issues on its website in the United Arab Emirates

Same-sex relations are illegal in the UAE and Amazon took action after coming under pressure from authorities.

According to the New York times, The company made the decision to restrict the searches after being threatened with penalties by the UAE government.

Expressing support for LGBTQ+ rights could also be deemed an offence in the Gulf state, sparking global outrage as Pride month, which is dedicated to celebrating Queer people around the world, comes to a close.

Amazon says as a company, it remains committed to diversity and inclusion.

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Google and Apple urged to ditch TikTok amid data security concerns

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Google and Apple are being urged to take down TikTok as concerns continue to grow around data being sent to China

A U.S. Federal Communications Commission member, Brendan Carr, says that TikTok poses an unacceptable national security risk due to data harvesting and Beijing’s apparent unchecked access to sensitive information.

The request will unlikely be accepted, as the Federal Communications Commissioner is not responsible for regulating app stores.

It comes as a Buzzfeed report found that employees of TikTok’s parent company, Bytedance, had been accessing U.S. users’ private information.

Carr says he will give Apple and Google until the 8th of July to respond to his request and to explain why they won’t remove the app from their app stores.

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