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Netflix slips after stopping subscriber tally report, downbeat Q2 revenue forecast
reuters.com/technology/netflix-slips-after-stopping-subscriber-tally-report-downbeat-q2-revenue-2024-04-19/
Netflix slips after stopping subscriber tally report, downbeat Q2 revenue ...
Quick Glance: Netflix to Cease Reporting Subscriber Numbers from 2025
  • Netflix will no longer report subscriber numbers starting from the first quarter of 2025. The announcement came with the first quarter 2024 results where Netflix exceeded expectations.

  • Despite the success in the first quarter, Netflix shares dropped over 4.5% after-hours upon revealing the decision to stop reporting quarterly subscriber totals.

  • The choice to discontinue reporting quarterly membership numbers or average revenue per member is based on Netflix's belief that engagement time is the best indicator of customer satisfaction.

  • Netflix plans to announce major subscriber milestones but will halt reporting quarterly subscriber numbers and shift investor focus towards time-spent-viewing metrics.
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Tesla asks shareholders to help Elon Musk get paid $56 billion: Tesla's stock has slumped in 2024 amid concerns about middling demand for EVs
axios.com/2024/04/17/elon-musk-pay-package-tesla-delaware-court
Tesla asks shareholders to help Elon Musk get paid $56 billion
Quick Glance: Why Tesla Wants Approval for Elon Musk's $55 Billion Compensation Package
  • Tesla is seeking shareholder approval for Elon Musk's compensation package, which was previously rejected by a judge.

  • The company asserts that implementing the plan is crucial for Tesla's future growth.

  • Elon Musk will be rewarded with stock options that become available when Tesla achieves specific financial objectives.
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Intel Announces Gaudi 3 AI Accelerator to Compete With Nvidia: Intel says its newest accelerator is superior to Nvidia's current H100 while costing much less.
extremetech.com/computing/intel-announces-gaudi-3-ai-accelerator-to-compete-with-nvidia
Intel Announces Gaudi 3 AI Accelerator to Compete With Nvidia
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iPhone sales are plunging. Here’s why: Apple’s smartphone sales tumbled 10% last quarter, according to market research firm IDC, as sales in China fell sharply.
cnn.com/2024/04/15/tech/iphone-sales-plunging/
iPhone sales are plunging. Here’s why
Quick Glance: iPhone sales plummet. Here's why
  • Apple’s smartphone sales dropped by 10% last quarter, primarily due to a sharp decline in sales in China.

  • Samsung had been the top smartphone manufacturer for 12 years, but Apple briefly took the top spot last year.

  • The global smartphone market is showing signs of recovery with a 7.8% increase in smartphone shipments in the first quarter of 2024.

  • Despite expectations for Apple and Samsung to maintain their market dominance, the rise of Huawei and other Chinese manufacturers like Xiaomi and OPPO/OnePlus may continue.
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Tesla will lay off more than 10% of global workforce: Read the Elon Musk memo: Tesla will lay off more than 10% of its global workforce, according to a memo sent ...
cnbc.com/2024/04/15/tesla-shares-dip-in-premarket-trade-on-global-layoff-reports.html
Tesla will lay off more than 10% of global workforce: Read the Elon Musk ...
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Apple plans to invest more than $250 mln to expand Singapore campus: Apple Inc plans to invest more than $250 million to expand its regional campus or operations ...
reuters.com/technology/apple-plans-invest-more-than-250-mln-expand-singapore-campus-2024-04-18/
Apple plans to invest more than $250 mln to expand Singapore campus
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Tesla job cuts heighten Wall Street concerns that EV maker faces a demand problem
cnbc.com/2024/04/16/tesla-layoffs-send-shares-down-on-concerns-about-weakening-demand.html
Tesla job cuts heighten Wall Street concerns that EV maker faces a demand ...
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Why a failed Boeing would be bad for everyone, even Airbus: Even as Congress holds two hearings on claims of safety failures on the 787 Dreamliner and other ...
fastcompany.com/91107856/boeing-failed-bad-for-everyone-even-airbus
Why a failed Boeing would be bad for everyone, even Airbus
Quick Glance: Boeing Whistleblower Calls for Grounding of All 787 Dreamliners
  • Boeing quality engineer Sam Salehpour is urging the planemaker to ground all 787 Dreamliners worldwide, citing potential structural issues.

  • Salehpour alleges that Boeing took shortcuts during the construction of the 787 and 777 jets, compromising aircraft safety.

  • After raising internal concerns with Boeing, Salehpour claims he faced retaliation and witnessed unsafe assembly practices in another program.

  • Boeing defends the 787 Dreamliner's quality, while the FAA investigates Salehpour's claims, emphasizing the importance of aircraft safety.
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Biden - and steelmakers - promise U.S. Steel will stay American: U.S. Steel and Japanese buyer Nippon Steel said the Pittsburgh-based firm will remain an "iconic ...
reuters.com/markets/commodities/biden-says-us-steel-should-remain-an-american-company-2024-04-17/
Biden - and steelmakers - promise U.S. Steel will stay American
Quick Glance: Joe Biden Calls for Significant Increase in Tariffs on Chinese Steel
  • US President Joe Biden is pushing for an increase in tariffs on Chinese steel and aluminium to strengthen union support in the swing state of Pennsylvania.

  • During a meeting with United Steelworkers union members in Pittsburgh, Biden calls on trade representative Katherine Tai to raise the tariffs from the current average of 7.5 percent.

  • The main focus of the measures is to combat China's new export surge and the ongoing price pressure that makes it difficult for American steel companies to compete.

  • The Biden administration's decision to increase tariffs is expected to impact recent efforts by Washington and Beijing to stabilize relations.
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Meta says Llama 3 beats most other models, including Gemini: Meta says Llama 3 outperformed models like Google’s Gemma and Gemini and OpenAI’s GPT-3 ...
theverge.com/2024/4/18/24134103/llama-3-benchmark-testing-ai-gemma-gemini-mistral
Meta says Llama 3 beats most other models, including Gemini
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Elon Musk says he may have financially hurt X: deposition: Elon Musk said in a deposition that his social media posts may have had a negative impact on X's ...
businessinsider.com/elon-musk-says-may-have-financially-impaired-x-2024-4
Elon Musk says he may have financially hurt X: deposition
Quick Glance: Elon Musk and the Support of Far-Right in Brazil
  • A court in Brazil is planning an investigation against X owner Elon Musk for alleged obstruction of justice, following Musk's reactivation of accounts belonging to far-right individuals that were flagged by the Brazilian government for removal.

  • Under Musk's leadership, X has transformed into a sanctuary for the far right and dissemination of misinformation, resulting in an escalation of hate speech on the platform.

  • Experts caution that Musk is establishing a dangerous precedent by protecting and promoting the far right on his platform, regardless of local regulations or public opinion.

  • Despite Musk's claims of advocating for free speech, the implementation of these principles on the platform has been inconsistent under his direction, especially concerning government requests to deactivate accounts.
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Days After Layoffs, Tesla Pushes Stockholders to Approve Elon Musk's $56 Billion Pay Package
entrepreneur.com/business-news/tesla-to-shareholders-approve-ceo-musks-record-high-pay/472850
Days After Layoffs, Tesla Pushes Stockholders to Approve Elon Musk's ...
Profile picture of AnandTech
ASML Patterns First Wafer Using High-NA EUV Tool, Ships Second High-NA Scanner: This week ASML is making two very important announcements related to their ...
anandtech.com/show/21356/asml-patterns-first-wafer-using-highna-euv-tool-ships-second-highna-scanner
ASML Patterns First Wafer Using High-NA EUV Tool, Ships Second High-NA ...
Profile picture of Fortune (magazine)
Chinese cement company’s shares mysteriously lose 99% of their value in just 15 minutes
fortune.com/asia/2024/04/10/china-tianrui-group-cement-shares-mysteriously-lose-99-percent-value-15-minutes/
Chinese cement company’s shares mysteriously lose 99% of their value in ...
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Baldur’s Gate 4 may happen eventually, but not with Larian Studios: Dungeons & Dragons parent Hasbro is moving forward with the next Baldur’s Gate game ...
polygon.com/24133289/baldurs-gate-4-sequel-hasbro-larian-studios-video-games
Baldur’s Gate 4 may happen eventually, but not with Larian Studios
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Abbott's device sales drive profit beat, but shares fall as forecast disappoints: Abbott Laboratories beat Wall Street estimates for quarterly profit on ...
reuters.com/business/healthcare-pharmaceuticals/abbott-beats-quarterly-profit-estimates-strong-medical-device-sales-2024-04-17/
Abbott's device sales drive profit beat, but shares fall as forecast ...
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High company valuations a 'worry,' IMF's capital markets chief says: High corporate valuations could pose a significant risk to financial stability as market ...
cnbc.com/2024/04/17/high-company-valuations-a-worry-imfs-capital-markets-chief-says.html
High company valuations a 'worry,' IMF's capital markets chief says
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Tesla planning to lay off over 10% of workforce amidst delivery dip: Tesla plans to lay off over 10% of its workforce, or roughly 14,000 employees ...
thehindu.com/sci-tech/technology/tesla-planning-to-lay-off-over-10-percent-of-workforce-amidst-delivery-dip/article68070591.ece
Tesla planning to lay off over 10% of workforce amidst delivery dip
Quick Glance: Tesla: Layoffs and Elon Musk's Reality Check
  • Tesla is planning a major layoff to prepare for the future.

  • Elon Musk's grasp on reality is questioned as Tesla performs mediocre in the automotive industry.

  • Tesla experiences a decline in revenue margin compared to other automakers.

  • The success of Tesla's future depends on the implementation of autonomous driving technology.
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Australian lab-grown meat cultured from quail cells hits the market in Singapore
abc.net.au/news/2024-04-04/australian-lab-grown-meat-from-quail-cells-in-singapore/103667178
Australian lab-grown meat cultured from quail cells hits the market in ...
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TikTok’s Instagram competitor likely to be named TikTok Notes: TikTok’s upcoming Instagram competitor app for sharing photos could be named TikTok Notes ...
techcrunch.com/2024/04/08/tiktoks-instagram-competitor-likely-to-be-named-tiktok-notes/
TikTok’s Instagram competitor likely to be named TikTok Notes
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US quarterly earnings to feature big growth in tech-related companies: Big technology-related company earnings are expected to again lead S&P 500 profit growth ...
reuters.com/markets/us/us-quarterly-earnings-feature-big-growth-tech-related-companies-2024-04-11/
US quarterly earnings to feature big growth in tech-related companies
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The Musk factor: Tesla loses reputation, X's company value plummets: The negative headlines surrounding the US entrepreneur have recently increased again ...
derstandard.at/story/3000000214054/der-musk-faktor-tesla-verliert-an-ansehen-firmenwert-von-x-sackt-ab
The Musk factor: Tesla loses reputation, X's company value plummets
Profile picture of Insider (news website)
How much severance laid-off Tesla workers get: Five former workers told Business Insider that Tesla's severance offer included two months' pay.
businessinsider.com/tesla-layoffs-severance-agreement-pay-benefits-details-2024-4
How much severance laid-off Tesla workers get
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Roku says 576,000 accounts breached in cyberattack: About 576,000 Roku accounts were compromised in a cyberattack, the company said on Friday ...
cnn.com/2024/04/12/business/roku-security-breach-user-accounts/
Roku says 576,000 accounts breached in cyberattack
Quick Glance: Roku Discovers New Hacking Incident Affecting 576,000 Users
  • Roku has uncovered a wider hacking effort using logins exposed in unrelated breaches. The company has now turned on two-factor authentication for all user accounts.

  • A second hacking incident ensnared 'approximately 576,000 additional accounts,' as the company wrote in a blog post on Friday.

  • The hackers are using stolen email addresses and password combinations from other sites to access Roku's login page and check if users are reusing the same login credentials across multiple services.

  • Roku has reset the passwords for affected users and activated two-factor authentication for all user accounts, regardless of whether they were impacted or not.
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Meta adds its AI chatbot, powered by Llama 3, to the search bar across its apps: Meta’s making several big moves today to promote its AI services across its ...
techcrunch.com/2024/04/18/meta-adds-its-ai-chatbot-powered-by-llama-3-to-the-search-bar-across-its-apps/
Meta adds its AI chatbot, powered by Llama 3, to the search bar across its ...