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Netflix to crack down on password sharing in U.S.

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The streaming company may have beaten earnings estimates, but faces a tough outlook ahead

Netflix showed why it faces a big challenge in its pursuit of growth.

The streaming giant cheered investors with news it beat Wall Street estimates for the first quarter.

But that excitement eased off when it offered a lighter-than-expected forecast.

That led to shares dropping more than a tenth in after-hours trading before recovering.

Revenue hit almost $8.2 billion over the quarter in a quarter where the company saw shows like ‘Beef’ become a hit series with critics and viewers.

And while Netflix added 1.75 million subscribers from January through March, that missed analyst estimates of more than 2 million new sign-ups.

It adds to the argument the streaming video leader faces signs of market saturation.

It has looked for new ways to make money, which includes a crackdown on password sharing, and a new ad-supported service.

Netflix says it had pushed its plan to expand the clampdown on unsanctioned password sharing into the second quarter to make improvements to the new measures.

It said this would delay some of the financial benefits that would come from it.

Netflix said the crackdown would now begin in the U.S. during the current quarter.

Investors were not overjoyed by its outlook for the coming period.

It forecast just over $8.2 billion in revenue – below Wall Street estimates of almost $8.5 billion.

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Boeing face delivery delays following guilty criminal charge plea

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Boeing’s deliveries are down after months of controversy, is it because they can’t make the planes, or because airlines right now don’t want them?

Boeing has agreed to plead guilty to a charge of conspiracy to defraud the United States in connection with the investigation into two fatal crashes involving its 737 MAX aircraft.

Boeing reported a significant 27% decrease in deliveries for June compared to the same month last year, possibly attributing the decrease to the companies ongoing controversies.

Aviation expert Geoffrey Thomas joins to discuss. #featured

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Blockchain sparks a transformative influence in Australia

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Professor unveils blockchain’s role in transforming the economy and innovative projects taking place at RMIT University.

Crypto Corner explores the latest market movements, expert insights and the influence of macroeconomic factors on the crypto industry.

Crypto Corner is hosted by Caroline Bowler, CEO of BTC Markets.

In this episode, BTC Markets CEO Caroline Bowler interviews Professor Chris Berg, Director of RMIT Digital3 and Co-Founder of the Blockchain Innovation Hub at RMIT University. They discuss RMIT’s cutting-edge projects and the transformative impact of blockchain technology in Australia.

Professor Berg shares insights into RMIT’s Digital3 philosophy, which combines research, innovation, and collaboration to drive the digital economy. Learn about groundbreaking initiatives in blockchain, cyber security, and AI, and how these disruptive technologies are reshaping business, government, and society.

Discover how RMIT is leading the charge in rethinking and regenerating the way we work through world-class research and tailored education, offering a glimpse into the future of technology and its potential to benefit both the economy and society. #crypto corner

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From $25K to $1.5M in real estate: expert unveils game-changing strategy for investors

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Empower your property investing with these key tips

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by Dean Fraser, Founder and CEO of BrickFloor. #trending #wyld money

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