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☆ Netflix hiked US prices in the past year, but it's cutting them in more than 36 other countries
▼ + stars: | 2023-02-24 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

Netflix lowered its subscription prices in more than 36 countries over the past few weeks, per The Wall Street Journal. It comes after Netflix hiked its subscription prices in the US. The steaming service's prices cuts will affect various tiers of Netflix plans and are specific to each country, per the report. Some countries will be see their subscription prices drop to half of the original price. The reduction in subscription prices is part of Netflix's plans to grow its customer base outside of the US, the Journal reported.

☆ 9 elements you need to be more influential and persuasive at work and in business
▼ + stars: | 2023-02-16 | by ( Dr. Amanda Nimon-Peters | ) www.businessinsider.com time to read: +8 min

Today's business professionals have been missing a model for influence at work specifically designed for the 21st century. It is based on more than 200 peer-reviewed journal articles, revealing nine universal principles for increasing your influence at work. Principle #4: Value-framingIn our day-to-day communication, we often fail to express the value of our work in terms that are inherently valuable. Principle #6: ReasoningStudies show that when people at work attempt to influence others, the most common tactic is rational persuasion, i.e. When it comes to influence at work, you don't have to be the best influencer there ever was.

☆ U.S. senators urge telecom agency to OK use of connected vehicle spectrum
▼ + stars: | 2023-02-13 | by ( ) www.reuters.com time to read: 1 min

WASHINGTON, Feb 13 (Reuters) - Two U.S. senators on Monday urged the Federal Communications Commission to move quickly to grant some automakers and universities the ability to use some spectrum to deploy connected vehicle technology aimed at preventing crashes. Senators Gary Peters and Cynthia Lummis urged the FCC to approve "waiver requests to enable deployment of Cellular Vehicle-to-Everything (C-V2X) technology in the 5.9GHz spectrum band. C-V2X technology is poised to save lives, (and) will pave the way for the future of automobile and transportation infrastructure." The FCC said in November 2020 it intended to offer waivers. It has received 18 waiver requests to date and none have yet been granted, the senators said.

☆ After unexpected death of 6-year-old girl, family becomes target of 'Died Suddenly' anti-vax conspiracy theories
▼ + stars: | 2023-02-11 | by ( Isobel Van Hagen | ) www.businessinsider.com time to read: +4 min

An anti-vax social-media campaign has targeted the family of a 6-year-old girl who died suddenly. A photo of the child posted on the "Died Suddenly" Twitter blamed her parents for vaccinating her. #DiedSuddenly is a recent iteration of an online conspiracy spreading disinformation about vaccines. The "Died Suddenly" hashtag is centered around a video by the same name, which labels itself as a "documentary film of a generation." Anastasia and her family are only one of the latest targets of the "Died Suddenly" Twitter account, which began posting in October 2022 and has nearly 300,000 followers.

☆ 'Genuinely considering canceling my subscription': Netflix's password-sharing clampdown sparks angry response from some users
▼ + stars: | 2023-02-10 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

Netflix has said it plans to clamp down on password sharing, and some users aren't happy. "I'm genuinely considering canceling my subscription," journalist Erin Biba said in a tweet, which amassed almost 50,000 likes. The tweet was in response to similar rules about account sharing that were posted on Netflix's website on February 1. Shannon Freshour, a politician in Ohio, wrote in a tweet directed at the streaming giant: "You're by far the most expensive streaming service w/o the value matching it. A survey from US firm Jefferies found that 62% of password borrowers said they would stop using the streaming service rather than purchase an account.

☆ Investors turn picky in Asia after easy wins from China’s reopening
▼ + stars: | 2023-02-09 | by ( Ankur Banerjee | ) www.reuters.com time to read: +5 min

Herald van der Linde, HSBC's head of equity strategy for Asia Pacific, points out that travel and gaming stocks have already benefited. That has led investors to hunt for sectors and companies with depressed valuations outside China. Reuters GraphicsMSCI China Vs MSCI Asean vs MSCI Asia excluding JapanGLOBAL PUSH OR CHINA PULL? After a torrid 2022, investors have been betting that a swift recovery in China's economy will somewhat cushion the impact of a global slowdown and possible recession. "China and its reopening trade, on the other hand, are in early stages and may be the additional tailwind for Asian equities later this year."

☆ How Netflix leaders, including its new co-CEO, are thinking about a fast streaming service that could supercharge its ads business
▼ + stars: | 2023-02-09 | by ( Lucia Moses | ) www.businessinsider.com time to read: +5 min

Netflix said it's open to adding a free, ad-supported streaming service. A FAST offering could help Netflix scale its nascent ads business, which has been slow to take off. Could Netflix launch a free, ad-supported service? A FAST channel — free, ad-supported television — is a linear stream, a model media companies are increasingly using to complement traditional TV and paid streaming services. For Netflix, a FAST could be a quick way to scale its ads business.

Below, they weigh in on today's tipping culture, who gets a gratuity and how much. Dr. Peters adds that tipped employees may also include most front-of-house restaurant employees, bellhops, parking attendants, airport service workers and food delivery workers. most restaurants), consider using the Capital One Savor Cash Rewards Credit Card. Capital One Savor Cash Rewards Credit Card Learn More Information about the Capital One Savor Cash Rewards Credit Card has been collected independently by Select and has not been reviewed or provided by the issuer of the card prior to publication. And when it comes to using delivery services, consider a card that gives cardholders money they can use to tip delivery workers.

The notion that powerful forces control the world in part with the careful deployment of body doubles is a long-standing conspiracy theory. As a medical team worked on him, anti-vaccine activists flooded social media sites with unfounded claims that a vaccine was somehow to blame. Hamlin’s injury came during a surge in anti-vaccine misinformation that attributes any recent death, without evidence, to vaccines. Much of the misinformation came from a handful of serial misinformers, including longtime anti-vaccine activists, conspiracy theorists and podcasters. While still recovering, Hamlin has tweeted a photo of himself in front of a mural painted in his honor., seemingly winking at the conspiracy theory.

☆ Netflix is thinking about a free streaming service to boost its ads business, insiders say
▼ + stars: | 2023-01-24 | by ( Lucia Moses | ) www.businessinsider.com time to read: +5 min

☆ Netflix Co-Founder Reed Hastings Transitions to Chairman Role, With Greg Peters Elevated as Co-CEO
▼ + stars: | 2023-01-20 | by ( Sarah Krouse | ) www.wsj.com time to read: 1 min

Netflix Inc. said co-founder Reed Hastings would transition from co-chief executive to executive chairman and named a new co-CEO alongside Ted Sarandos , as the company presses on with dual efforts to stoke new revenue growth. Netflix elevated longtime executive and heir apparent Greg Peters , who was key to the company’s swift launch of an ad-supported tier of service and most recently served as chief operating officer, to the co-CEO role.

"This was my road to Damascus experience, a turning point in my understanding of the role of talent density in organizations," Hastings wrote. Hastings credits the company's culture of internal transparency and innovation, which endows top-performers with unusual autonomy, for Netflix's success. "This is a big psychological change for Netflix," said Neil Saunders, managing director of GlobalData. "There's no big strategy shifts or big culture shifts," he said in a post-earnings video interview with an analyst. They'll also need to find new sources of revenue, including in video games -- where Netflix will confront established rivals.

☆ Google isn't just afraid of competition from ChatGPT — the giant is scared ChatGPT will kill AI
▼ + stars: | 2023-01-20 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +5 min

A perfect example of this is the viral technology ChatGPT. ChatGPT makes a lot of people nervous (here's everything you need to know about it, BTW). Or maybe one day ChatGPT will just teach the class — that's probably part of Google's AI nightmare. If ChatGPT runs rampant, the search giant fears it could ruin AI adoption for everyone. My colleague Hasan Chowdhury breaks down how so-called generative AI — not just ChatGPT — could derail an entire sector of emerging technology.

☆ Morning bid: Netflix flickers
▼ + stars: | 2023-01-20 | by ( ) www.reuters.com time to read: +4 min

With the macro picture turning foggy again, streaming giant Netflix (NFLX.O) generated a rare bright spark in an otherwise gloomy corporate earnings season. But it has bounced back more than 60% from the lows of last June and the leadership shakeup may not shape the road ahead. With aggregate S&P500 earnings tracking a year-on-year contraction of about 3% for the fourth quarter, the Netflix news was welcome. In wider markets, a dour Thursday showed some retreat of the early year optimism on peaking central bank interest rates. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Netflix's ability to churn out hits gives it an edge over rivals -analysts
▼ + stars: | 2023-01-20 | by ( ) www.reuters.com time to read: +2 min

read moreAt least 18 brokerages raised their price targets on the stock as they cheered Netflix's 7.66 million subscribers additions that easily beat estimates of 4.57 million. "Content performance is underpinning all aspects of financial improvement and helps investors sleep better," Wells Fargo analysts said, adding that double-digit revenue growth could be achievable in the second half of the year. The company said it would roll out features this quarter to try and convert more password sharers to paying subscriber. But the company expects increased engagement and monetization after a short period of churn. Reporting by Aditya Soni, Tiyashi Datta and Eva Mathews in Bengaluru; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

☆ Netflix stock jumps 6% after co-CEO Reed Hastings steps down and subscriber numbers soar
▼ + stars: | 2023-01-20 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Netflix shares rallied 6% ahead of Friday's opening bell after the company released its fourth-quarter results. Also, Co-CEO Reed Hastings announced he would be quitting his current role. The firm also announced that co-CEO Reed Hastings would be stepping down to become Netflix's executive chairman. Hastings co-founded Netflix in 1997 and oversaw its transition from DVD delivery service to a streaming behemoth and onetime Wall Street darling. Read more: Reed Hastings is stepping down as co-CEO of Netflix

☆ Netflix's subscriber growth signals better times ahead, but some analysts say it's still too early to buy
▼ + stars: | 2023-01-20 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Netflix 's strong fourth-quarter subscriber growth and solid content slate may signal the start of better times for the streaming stock, but it may be too early to buy up shares, according to some Wall Street analysts. Netflix reported 7.66 million adds, compared to 4.57 million subscribers expected by StreetAccount estimates. Analysts view the company's new advertising tier and its content slate as key to Netflix's financial performance in the months ahead. Since reporting second-quarter earnings results, Netflix shares have risen more than 46%. On the leadership front, Supino and analysts view the CEO transition as a positive for the company.

☆ Premarket stocks: What we learned at Davos: The economy is a mess, but there's still hope
▼ + stars: | 2023-01-20 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

New York CNN —Friday marks the end of the annual World Economic Forum meeting in Davos, Switzerland, an elite gathering of some of the wealthiest people and world leaders. The meetings between CEOs, politicians, and global figures at Davos can help set the tone for the year ahead. CEOs and political officials are also worried about the United States hitting its borrowing cap on Thursday, forcing the Treasury Department to start taking “extraordinary measures” to keep the government open. If an agreement isn’t reached, markets could plunge (like they did the last time this happened in 2011) and the United States risks having its credit rating downgraded again. China’s removal of strict coronavirus restrictions late last year is also expected to unleash a wave of spending that may offset economic weakness in the United States and Europe.

☆ Netflix insiders applaud new co-CEO Greg Peters, 'the only real visionary' in the C-suite, but scratch their heads over what other exec changes mean for the company
▼ + stars: | 2023-01-20 | by ( Elaine Low | Lucia Moses | Claire Atkinson | ) www.businessinsider.com time to read: +5 min

Netflix's elevation of Greg Peters to co-CEO shows the importance of its advertising sales effort. But Bela Bajaria's rise to content chief has caused some confusion about the future of the TV and film organization. The Netflix veteran now shares the role with current co-CEO Ted Sarandos, as company cofounder Reed Hastings steps down and settles into an executive chairman position. The move made a lot of sense to industry insiders, and even publicly, Netflix had been signaling the ascension for some time. Netflix insiders said Bajaria's new title underscored the importance of TV versus film in the streaming wars.

☆ Jim Cramer's top 10 things to watch in the market Friday: Google job cuts, Netflix delivers
▼ + stars: | 2023-01-20 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Salesforce (CRM) downgraded to market perform from outperform (hold from buy) at Cowen, which also cut its price target to $160 per share from $175. Barclays upgrades Ralph Lauren (RL) to overweight from equal weight (buy from hold); increases its price target to $134 per share from $101. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ Here's what analysts think about Netflix's CEO change
▼ + stars: | 2023-01-20 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Reed Hastings' departure as co-CEO does little to change how analysts view Netflix , or the company's ability to accomplish its long-term strategies, analysts say. The streaming giant announced Thursday that founder Reed Hastings would give up his role after more than two decades and serve as executive chairman. The move came along with quarterly results that fell short of earnings estimates but showed subscriber numbers that far surpassed expectations . "The company's focus, in our view, has always been an underappreciated differentiator and we expect that focus to remain under new leadership." Despite the title change and a step back from day-to-day operations, analysts anticipate that Hastings will continue to be involved in longer-term decision-making.

☆ Netflix founder Reed Hastings is giving up CEO role
▼ + stars: | 2023-01-19 | by ( Rebecca Picciotto | ) www.nbcnews.com time to read: +1 min

Netflix’s Reed Hastings is giving up his CEO role but will remain on as chairman, the company announced along side its earnings report Thursday. Greg Peters, most recently Chief Operating Officer, will assume the post of co-CEO in Hastings’ place. Sarandos was promoted to co-CEO alongside Hastings in July 2020, the same time that Peters was appointed to his COO role. The succession announcement comes alongside the company’s fourth-quarter earnings report. The succession announcement comes alongside the company’s fourth-quarter earnings report.

☆ Netflix founder Reed Hastings stepping down as co-CEO
▼ + stars: | 2023-01-19 | by ( Clare Duffy | ) edition.cnn.com time to read: +3 min

New York CNN —Netflix announced Thursday that its founder Reed Hastings is stepping down as co-CEO at the company and will serve as executive chairman. Hastings will be replaced by co-CEOs Ted Sarandos and Greg Peters. Under Hastings leadership, Netflix disrupted legacy movie rental companies like Blockbuster and helped shake up Hollywood by kicking off an arms race investing in original content. Last year, however, Netflix saw its stock and reputation take a hit after losing subscribers amid heightened competition from rival streaming services. In its earnings report on Thursday, the streamer said it added more than 7.6 million subscribers during the final three months of last year, well above the 4.5 million additions it had projected, for a total of more than 230 million subscribers worldwide.

☆ AI art generators face separate copyright lawsuits from Getty Images and a group of artists
▼ + stars: | 2023-01-19 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

Two separate lawsuits have been launched against AI text-to-image generators. Getty Images also began separate litigation against Stability AI, which is behind Stable Diffusion. On Tuesday, Getty Images filed a lawsuit against Stability AI, the company behind AI art tool Stable Diffusion, alleging it used copyrighted images to train software. The company said in a statement that Stability AI "unlawfully copied and processed millions of images protected by copyright." A representative for Stable Diffusion told Insider that the artists' "allegations represent a misunderstanding about how our technology works and the law."

☆ Netflix founder Reed Hastings is giving up his CEO role
▼ + stars: | 2023-01-19 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Netflix co-founder and CEO, Reed Hastings, is in Sydney to meet with executives of other subscription streaming services, February 25, 2022. Netflix founder Reed Hastings is giving up his CEO role but will remain on as chairman, the company announced alongside its earnings report Thursday. Hastings co-founded Netflix in 1997. Sarandos was promoted to co-CEO alongside Hastings in July 2020, the same time that Peters was appointed to his COO role. Scott Stuber, who was previously the head of global film, will step in as chairman of Netflix Film.

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