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Pressure builds on Netflix as streamer is taken to court

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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.

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Australia’s fastest-growing property markets revealed

Explore Australia’s booming property markets driven by infrastructure and low supply, with insights from Terry Ryder of Hotspotting.

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Explore Australia’s booming property markets driven by infrastructure and low supply, with insights from Terry Ryder of Hotspotting.


We dive into the forces driving Australia’s fastest-growing property markets and explore which regions are benefiting the most from infrastructure developments and low housing supply.

Terry Ryder from Hotspotting joins us to explain how major hospital projects and other infrastructure investments are reshaping local economies and influencing property prices. We also examine how limited listings are creating fierce competition among buyers.

Discover where the next wave of growth is expected to appear and how investors can respond to these high-demand areas. This is essential insight for anyone keeping an eye on the property market.

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#PropertyMarket #AustraliaProperty #RealEstateGrowth #InfrastructureImpact #HousingTrends #InvestmentOpportunities #Hotspotting #MarketInsights


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AI shake-up hits classifieds: Rightmove and REA face market threats

AI disrupts classifieds market, impacting valuations and strategies for survival—experts share insights on adapting to change.

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AI disrupts classifieds market, impacting valuations and strategies for survival—experts share insights on adapting to change.


AI is sending shockwaves through the classifieds market, wiping billions from valuations and raising questions about the future of major players like Rightmove and REA Group. Investors are now closely watching how technology like ChatGPT could reshape the way online classifieds operate.

Experts weigh in on how AI could disrupt traditional business models, and what companies must do to stay competitive in a rapidly changing landscape. From adapting strategies to embracing innovation, the classifieds industry faces pivotal choices in the age of artificial intelligence.

We speak with Darren Woolley on the potential risks, investor reactions, and strategies that could determine which companies survive—and which might thrive—amidst this AI-driven transformation.

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#AIImpact #Rightmove #REAGroup #Classifieds #TechDisruption #ChatGPT #MarketTrends #DigitalInnovation


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Private sector jobs fall as ADP reveals major slowdown in November

ADP reports a surprising decline in November private sector jobs, raising concerns about labor market resilience and consumer sentiment.

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ADP reports a surprising decline in November private sector jobs, raising concerns about labor market resilience and consumer sentiment.


ADP has revealed a surprise decline of 32,000 private sector jobs in November, signalling renewed pressure across the labour market. Small businesses in particular have been hit hardest, raising fresh concerns about resilience heading into the new year.

Economists warn that slowing hiring momentum and weakening pay growth point to a broader shift in worker demand. With consumers increasingly expecting unemployment to rise, sentiment across industries continues to cool.

The market now turns its attention to the upcoming Bureau of Labor Statistics report, which will offer a crucial read on whether this slowdown is temporary—or a sign of something much larger.

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#ADP #JobsReport #LabourMarket #EconomyNews #SmallBusiness #HiringTrends #Wages #TickerNews


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