News
Why has Netflix lost almost half a million subscribers in its top location?
Netflix has lost more than 400,000 subscribers in the United States and Canada alone
Netflix blames Covid-19 for the slump
In a letter to shareholders, the company says it added just over 1.5 million subscribers in the second quarter of 2021, which is up from its forecast of 1 million.
But, by comparison, Netflix added 4 million new subscribers in the first quarter of this year, which was significantly down from its prediction of 6 million.
The Asia-Pacific region is carrying subscriber growth for the company at the moment, accounting for two-thirds of new memberships in the second quarter.
Netflix also says the lower number of new subscribers can be partially attributed to higher numbers last year resulting from pandemic lockdowns.
The streaming giant is anticipating numbers to jump back up in the third quarter of 2021.
This all follows numerous other streaming-based companies seeking to merge in a bid to take on Netflix.
Streaming is here to stay – and grow… and grow
WarnerMedia and Discovery have announced plans to merge, with Amazon also purchasing MGM for more than $8 billion.
U.S Tech insider Pavlina Oska told ticker earlier that streaming wars between the major players will continue to heat up
What’s happening in the Middle East?
- President Donald Trump says Iran’s Supreme Leader Ayatollah Ali Khamenei has been killed.
- Trump describes the moment as the greatest opportunity for the Iranian people to “take back their country”.
- Iran insists its leader is “firmly commanding the field”.
- Israel and the U.S. have carried out strikes on Iran.
- Impacts have been reported in Israel and across Gulf states as Iran launches retaliatory attacks.
- The escalation has sparked fear and panic, with civilians fleeing major cities.
News
U.S. and Israel strike Iran as missiles hit Gulf bases and oil surges
U.S. and Israel launch major military operation against Iran; tensions rise as conflict escalates, impacting global markets.
U.S. and Israel launch major military operation against Iran; tensions rise as conflict escalates, impacting global markets.
The United States and Israel have launched a sweeping military operation against Iran, striking leadership targets and more than 500 military sites in what President Trump has dubbed Operation Epic Fury.
Explosions have rocked Tehran, with civilians fleeing the capital as U.S. sea and air assets carry out sustained attacks. Washington says the mission is designed to prevent a nuclear armed Iran and has even called on Iranians to rise up against the regime.
Iran has retaliated with a barrage of missiles and drones targeting Israel and U.S. bases across the region, including in Qatar, Kuwait, the United Arab Emirates and Bahrain. While many projectiles were intercepted, a U.S. base in Bahrain sustained damage.
Gulf states long seen as stable hubs for global business are now directly in the firing line, raising fears of a wider regional war.
Oil prices are climbing and tankers are diverting from the Strait of Hormuz as markets react to the escalating conflict. U.S. aircraft carriers, advanced fighter jets and missile destroyers remain in position, signalling more strikes could follow.
With global leaders scrambling diplomatically, the world is watching to see whether this spirals further or shifts back to negotiations.
News
Iran warns ships to avoid Strait of Hormuz
Iran warns ships to avoid Strait of Hormuz amid rising tensions and military buildup in the region
Iran warns ships to avoid Strait of Hormuz amid rising tensions and military buildup in the region
– Iran’s Guard Corps advises ships to avoid the Strait of Hormuz due to rising tensions.
– Tankers have diverted to Qatar and UAE amidst concerns over safety and potential Iranian threats.
Ships have been repeatedly warned against entering the strait, as stated by crews in the area and the European Union’s naval command, Aspides. On Saturday, dozens of tankers diverted, with some seeking refuge in Qatar and the United Arab Emirates while others opted to steer clear of the region, as reported by oil brokers and shipowners.
Shipping Concerns
Tensions continue to impact shipping operations as carriers remain cautious in the Gulf region.
Tanker crews reported hearing explosions near Iran’s Kharg Island, which is vital for the country’s oil exports, as it handles 90% of its crude oil shipments.
-
Tech5 days agoOpenAI moves to replace software giants with AI products
-
Money3 days ago
Australia’s inflation report and Nvidia earnings impact explained
-
Tech2 days ago
Meta launches lawsuits over alleged scam advertising operations
-
Tech4 days ago
Nvidia earnings soar as AI drives 75% revenue growth
-
News4 days ago
Qantas announces 8,500 jobs and frequent flyer changes
-
News23 hours ago
U.S. and Israel attack Iran, escalating regional conflict
-
News17 hours ago
Iran warns ships to avoid Strait of Hormuz
-
News24 hours ago
Crude oil prices spike amid U.S.-Israel military action
