Netflix on Tuesday reported losing 200,000 subscribers and predicted it would lose 2 million subscribers going into its spring quarter. The streaming giant says suspending service in Russia, increasing competition, inflation and easing pandemic restrictions are partly to blame.
Category Archives: business
Netflix warns of crackdown on password sharing: Here's what it means for viewers
After losing subscribers for the first time in a decade, Netflix said it would implement new measures like charging users a fee for sharing passwords and introducing a cheaper, ad-supported plan.
How consumers use buy now, pay later apps to pay for food, gas and other basics
More consumers are using buy now, pay later apps like Klarna and Afterpay for gas, food and other necessities as rising prices stretch budgets to the breaking point
Netflix says it lost 200,000 subscribers in first part of the year
Global streaming giant Netflix on Tuesday reported losing subscribers for the first time in more than a decade and predicted more contraction in the second
Uber, Lyft drop mask requirement for riders, drivers
Uber and Lyft lifted mask requirements effective Tuesday, one day after the Transportation Security Administration said it won’t enforce requiring masks on public transportation and transportation hubs.
The three forces driving inflation higher and what it will take to cool them off
Inflation data from the Bureau of Labor Statistics shows the largest increase in consumer prices since 1981, driven by labor costs, energy prices and interest rates.
The New York Times names Joseph F. Kahn next executive editor
Joseph F. Kahn will succeed Dean Baquet as executive editor of The New York Times.
This summer travel season could shape up to be a nightmare
If you’re planning to fly this summer, get ready to pay up.
Ex-Twitter CEO Dorsey criticizes company's board amid Musk takeover offer
Former Twitter CEO Jack Dorsey criticized the company’s board in a series of tweets on Sunday as the group is now tasked with evaluating a takeover bid from Elon Musk.
Congress seeks compromise to boost computer chip industry
Congress is looking to boost computer chip manufacturing and research in the United States with billions of dollars from the federal government.