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☆ The AI-driven iPhone upgrade cycle will be huge. Two more Wall Street firms agree
▼ + stars: | 2024-07-15 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

Analysts at Morgan Stanley designated Apple their top pick, raised their price target to $273 a share and reiterated their buy-equivalent rating. Apple Intelligence, however, represents an entirely new technology with the potential change how we all interact with our devices. And notably, replacement cycles are at an all-time high of 4.8 years, Morgan Stanley estimated. So, the reason to upgrade is going to be Apple Intelligence, a better camera, plus whatever other incremental upgrades we learn about later this year. Both Loop and Morgan Stanley said the AI-driven replacement cycle will lead to an increase in the average selling price of iPhones.

Persons: Morgan Stanley, there's, Jim Cramer's, Jim Cramer, Jim, Jakub Porzycki Organizations: Apple, Capital, Apple Intelligence, Loop, FactSet, Club, . Apple Intelligence, Vision Pro, CNBC, Nurphoto, Getty Locations: U.S

At the same time, the social media industry has broadly retreated from efforts to clamp down on misinformation. The ease at which false rumors and conspiracy theories rapidly spread on social media threatens the public’s ability to sort truth from fiction. The deluge of disinformation surrounding the Trump shooting shows, once again, that this problem isn’t going away anytime soon. With less than four months until Election Day, the leading social media platforms appear resigned to let the status quo fester. Others get in on the act for social media clout – viral posts can translate into dollars for some online influencers.

Persons: CNN —, Donald Trump, retrenchment, Trump, “, ”, Evan Vucci, Joe Biden, ” –, Biden, Elon Musk, Musk, Laura Edelson, ” Edelson, TikTok, Edelson, Don’t, ’, Sean Lyngaas Organizations: CNN, Trump, Service, Department of Homeland Security, Secret Service, Associated, Republican, CIA, Social, Meta, YouTube, Facebook, Northeastern University, Democracy, Twitter, FBI Locations: America, Butler , Pennsylvania

☆ Hurricane Beryl: Houston area residents frustrated as they enter 6th day without power and air conditioning in punishing heat
▼ + stars: | 2024-07-13 | by ( Dalia Faheid | Taylor Galgano | ) edition.cnn.com time to read: +11 min

We should not have had nine fire stations without power,” Patrick said. Combined with power outages, alarmingly dangerous consequences have ensued. CenterPoint foreign assistance crews work to restore power lines on Thursday in Houston, Texas. Danielle Villasana/Getty ImagesFrustration mounts with Houston utility providerThe crisis comes more than three years after massive power outages hit the state. Greg Abbott has requested an investigation into CenterPoint Energy and other electric companies in the wake of the outages, Patrick said in a news conference Thursday.

Persons: Hurricane Beryl, Energy –, Jordyn Rush, “ It’s, ” Rush, “ I’m, Gov, Dan Patrick, ”, ” Patrick, Beryl, KP George, Dawn O’Connell, Nim Kidd, Patrick, Kidd, Rush, it’s, Hurricane, Brian Maxwell, Danielle Villasana, Greg Abbott, CenterPoint, Jason Wells, “, ” Wells, Larry, Brandon Bell, Destinee Rideaux, she’s, she’s “, “, Rideaux, Laura, she’ll Organizations: CNN, Energy, Houston, Jordyn, CenterPoint Energy, Sunday, “, US Department of Health, Human Services, Preparedness, Texas Emergency Management, Gov, Federal Emergency Management Agency, Texas Gov, CenterPoint, Houston Chronicle, Ward Locations: Texas, Vermont, Louisiana, Houston, Fort Bend County, Harris County, Crystal Beach, City, Galveston, Houston , Texas, Iowa , Louisiana, Hurricane

☆ Novak Djokovic and Carlos Alcaraz’s Wimbledon final is a duel of extraordinary quests
▼ + stars: | 2024-07-13 | by ( Matthew Futterman | ) www.nytimes.com time to read: +9 min

Follow live coverage as Barbora Krejcikova and Jasmine Paolini face off in the women’s final at Wimbledon todayWIMBLEDON — Novak Djokovic and Carlos Alcaraz are at opposite ends of their careers. Alcaraz beat Djokovic in last year’s final in five sets (Charlotte Wilson/Offside via Getty Images)Alcaraz won the French Open five weeks ago. On June 5, 25 days before the start of the tournament, Djokovic had surgery on a torn medial meniscus in his right knee. He beat Francisco Cerundolo, a clay court standout going through the same transition, then lost handily to Jack Draper of Britain. (A few days of celebrating his maiden French Open title in Ibiza might have had something to do with it.)

Persons: Krejcikova, Jasmine Paolini, WIMBLEDON — Novak Djokovic, Carlos Alcaraz, Alcaraz, Daniil Medvedev, Lorenzo Musetti, Djokovic, Charlotte Wilson, —, Roland Garros, Rod Laver, Bjorn Borg, Rafael Nadal, Roger Federer, Margaret Court, Evonne Goolagong, Billie Jean King, Chris Evert, Martina Navratilova, Serena Williams, Steffi Graf, Emmanuel Dunand, I’m, Medvedev, “, shouldn’t, ”, Ben Stansall, ” Medvedev, ” Dominic Thiem, Federer, Nadal, Francisco Cerundolo, Jack Draper of, Andrej Isakovic, Tommy Paul, ” Paul, ” Djokovic, “ He’s, didn’t, Tara, Musetti, Julian Finney, Alex de Minaur Organizations: Wimbledon, WIMBLEDON, Court, Getty, Djokovic, Games, Athletic, Queen’s Club, All England, Serbian, All England Club Locations: Wimbledon, AFP, London, Ibiza, Queen’s, Spain

☆ ‘It was magical:’ Remembering Greece’s miracle triumph at Euro 2004
▼ + stars: | 2024-07-12 | by ( Ben Church | ) edition.cnn.com time to read: +7 min

One of those stars was Stelios Giannakopoulos, who walked out for the Euro 2004 final knowing he was on the verge of something incredibly special. It was unbelievable.”Stelios Giannakopoulos celebrates on the pitch after lifting the Euro 2004 title. George Tsitsonis is a Greek-American writer who has penned a book about the team’s incredible performances at Euro 2004. Aris Messinis/AFP/Getty ImagesThe Euro 2004 triumph came shortly before the country hosted the summer Olympic Games, an event that further united the population. For Giannakopoulos, the team’s Euro 2004 victory was further proof of what the Greek people can do when they come together.

Persons: CNN — It’s, Stelios Giannakopoulos, “, I’m, ” Giannakopoulos, Alain Gadoffre, George Tsitsonis, Tsitsonis, Luís Figo, Cristiano Ronaldo, Giannakopoulos, – Angelos Charisteas, Angelos Charisteas, Vincenzo Pinto, ” Tsitsonis, ”, Otto Rehhagel, – Organizations: CNN, CNN Sport, Portugal, Spain, Poland, Greece, Russia, English Premier League, Getty, Aris Messinis, Greek, Georgia Locations: Greece, It’s, Lisbon, Portugal, Athens, France, Czech Republic, Greek, AFP, Spain, England

☆ Trump’s Appeal Runs Deep - The New York Times
▼ + stars: | 2024-07-11 | by ( David Brooks | ) www.nytimes.com time to read: +1 min

A group of Democratic officials and union leaders told journalists that Donald Trump was competitive in New York State. In 2020, Joe Biden won New York by 23 points. But that doesn’t explain why Trump was ahead even before the debate. It doesn’t explain why Trump’s candidacy is still standing after Jan. 6. It doesn’t explain why America is on the verge of turning in an authoritarian direction.

Persons: Donald Trump, Joe Biden, Mark Levine, “, Trump, Biden, I’ve, James Davison Hunter, ” Hunter Organizations: Politico, Democratic, New York, Democratic Manhattan Borough, Solidarity, University of Virginia Locations: New York State, New York, America

☆ Rudy Giuliani interrupts his own bankruptcy hearing, yelling it's 'defamatory' to accuse him of bankruptcy fraud
▼ + stars: | 2024-07-10 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +8 min

Keeping the case in bankruptcy court would inevitably lead to Giuliani hiding his assets and being charged with bankruptcy crimes, Strickland said. AdvertisementGiuliani's attorneys appeared in person in Manhattan's bankruptcy court for the hearing, but Giuliani himself called in by phone. "Alright, someone's got a live microphone, and that's not a good situation," the bankruptcy judge said. "Your honor, this is the Rudolph Giuliani," Giuliani said amid the static of his phone. AdvertisementThe judge said he'll probably dismiss Giuliani's bankruptcy caseWednesday's bankruptcy hearing comes at a major turning point for Giuliani's bankruptcy process — where he may actually score a major legal win.

Persons: —, Rudy Giuliani, Rachel Strickland, Giuliani, Strickland, Ted, Ted Goodman, someone's, that's, Sean H, Lane, Rudolph Giuliani, Gary Fischoff, Fischoff, he'll, Giuliani's, defaming Ruby Freeman, Wandrea Moss, Noelle Dunphy, Ruby Freeman, Jacquelyn Martin, Freeman, Moss, we've, Philip Dublin, Dunphy, Dominion —, liquidating, Justin Kelton, Donald Trump Organizations: Service, Business, defaming, Voting Systems, Capitol, AP, New, New York City, Dominion Locations: Georgia, Washington ,, New York, Arizona

☆ A Diminished Hollywood Welcomes a New Mogul
▼ + stars: | 2024-07-09 | by ( Brooks Barnes | ) www.nytimes.com time to read: +1 min

In 1994, when Sumner M. Redstone bought Paramount Pictures for about $10 billion, the equivalent of about $22 billion today, he did more than just take over a company. Perhaps more important, however, they gave their owners a precious identity as certified members of the cultural elite. Top ticket sellers in 1994 included touchstones like “The Lion King,” “Schindler’s List,” “Interview With the Vampire,” “Mrs. Doubtfire,” “Philadelphia,” “Speed” and “Pulp Fiction.” In 1995, when “Forrest Gump” — a Paramount release — won the Oscar for best picture, more than 48 million Americans tuned in to watch. On Sunday, the Redstone family reluctantly relinquished Paramount, passing the studio to David Ellison, the tech scion behind a 14-year-old entertainment company called Skydance.

Persons: Sumner, Paramount —, ”, Doubtfire, “ Forrest Gump, —, Oscar, David Ellison, Ellison Organizations: Redstone, Paramount Pictures, Studios, Paramount, RedBird Capital Partners, CBS, MTV, Nickelodeon, BET, Comedy Central Locations: Philadelphia

☆ Opinion: In French election, voters save the Republic from the far right. Now comes the (really) hard part
▼ + stars: | 2024-07-09 | by ( Opinion Marie Le Conte | ) edition.cnn.com time to read: +5 min

President Emmanuel Macron’s centrist Ensemble alliance came in second, preventing the far right from taking power. The stakes couldn’t have been higher, and it is hard to overstate the sense of urgency with which French voters flocked to the polls. It ought to be noted, however, that under half of centrist voters went for the left in a run-off against the far right. Many had assumed that it was a foregone conclusion that the far right would win a majority, absolute or otherwise. On all those occasions, and again last week, many held their noses and voted for the center to keep the far right in check.

Persons: Marie Le Conte, Read, —, Emmanuel Macron’s, who’d, Le Pen Organizations: CNN, Front, Greens, Ensemble, National Assembly, Rassemblement, Twitter, Facebook Locations: French, Moroccan, London, British, Vichy, France

☆ AI Is Quietly Being Used to Pick Your Pocket With Personalized Pricing
▼ + stars: | 2024-07-09 | by ( Albert Fox Cahn | ) www.businessinsider.com time to read: +10 min

Under the long-standing law, companies can face ruinous penalties for price discrimination only if they're discriminating against other businesses. Tyler Le/BII say low-grade shock because at the time personalized pricing discrimination was far less widespread and harmful than it is today. And many of those that don't disclose using personalized pricing still do it. AI pricing also means that those who are the most desperate and most vulnerable will often pay the most. So much of AI pricing acts as a regressive tax, charging those with the most the least.

Persons: I'm, I'd, Robinson, Tyler Le, Price, Uber, might've, it's, you've, Tinder, Nikolas Guggenberger, Guggenberger Organizations: American Prospect, Walmart, Smart, Mozilla, Consumers International, University of Houston Law Center, Zephyr Locations: London, United States

☆ You can't use Canva's AI to create political flyers or spread medical misinformation, the CEO said
▼ + stars: | 2024-07-09 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

Read previewDesign juggernaut Canva has drawn hard lines around what its AI tool can and can't make. Canva's software can be used to create anything from party invitations to social media content to presentation templates. By default, all users are opted out of private design content from being used to train AI models, a Canva spokesperson told Business Insider. AdvertisementAt the time, Adobe said in a blog post that content belongs to users and it would never be used to train generative AI tools. A spokesperson for Adobe referred BI to the company's AI guidelines, which direct users not to create hateful or adult content and not seek medical advice from AI features.

Persons: —, Canva, Melanie Perkins, Perkins, Meta, Cara, Adobe Organizations: Service, Magic Media, Business, Adobe, Meta, Facebook

☆ People's Philips Hue smart lightbulbs are going rogue
▼ + stars: | 2024-07-09 | by ( Jaures Yip | ) www.businessinsider.com time to read: +1 min

Some Philips Hue bulbs have reportedly been randomly turning to full brightness. The company advised users to temporarily disconnect the Hue Bridge from Matter. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Some owners of Philips Hue bulbs have recently noticed their lights randomly turning to full brightness despite being set to dimmer levels, taking to social media to flag the issue. One person wrote to the brand on X, formerly Twitter, complaining that the issue had been going on "for a few weeks."

Persons: — Organizations: Service Locations: Philips

Aurelien Morissard/Pool/AFP/Getty ImagesThe result of Sunday’s parliamentary election runoff comes as a huge surprise, with France appearing to be on the verge of a major political shift – but not the one everyone was expecting. No pollster predicted before Sunday that a left-wing alliance would win and that the far right would come in third place. The political maneuvering by French President Emmanuel Macron’s centrist party and the left-wing alliance this week was clearly successful. But the left-wing alliance, which has seemed shaky, is going to have a hard time speaking with one voice. While it appears to have partially worked by keeping the far right from power, it has also plunged France into unprecedented political chaos.

Persons: Emmanuel Macron, Aurelien, Emmanuel Macron’s, Macron’s Organizations: Getty Locations: Paris, France

☆ Having Elon Musk as a boss is a tough gig — just ask X's Linda Yaccarino
▼ + stars: | 2024-07-07 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +5 min

This story is available exclusively to Business Insider subscribers. AdvertisementThe difficulties are reportedly creating tensions between Musk and X CEO Linda Yaccarino. Randall Peterson, a professor of organizational behavior at London Business School, told Business Insider that any company struggling like X would suffer leadership tensions. Leadership shake-upAmid the increasing financial pressure, Musk and Yaccarino have also been shaking up the company's leadership. X did not respond to a request for comment from Business Insider.

Persons: —, Musk, Linda Yaccarino, Randall Peterson, she's, Yaccarino, Jerod Harris, Mark Read, Steve Davis, Davis, Joe Benarroch, Nick Pickles, Matt Navarra, it's, Navarra, Gwynne Shotwell, Amanda Edwards, Peterson Organizations: Service, Elon Musk's, Twitter, Business, YouTube, London Business School, Times, Microsoft, Cannes Lions, WPP, Brit, Social, SpaceX, Investors

☆ The real estate market is in for sharp correction with losses that could take a decade to recover from, strategist says
▼ + stars: | 2024-07-04 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

Give it another two or three years — that's when the real estate market gets hit the most." Meanwhile, the fallout in the commercial real estate sector could be more severes. However, banks, bearing huge losses in their mortgage and commercial real estate portfolios, will be more hesitant to lend, weighing on demand and causing real estate prices to plunge. Advertisement"It's possible we'll see a 50% [correction] in some spots, but I would say somewhere around a 30% correction in real estate," Vermeulen said of real estate investments. Those losses could take seven to 10 years to recover from, he said, due to the long nature of real estate cycles.

Persons: —, Chris Vermeulen, Vermeulen, — that's, Vermueule Organizations: Service, Traders, Business, Census, Challenger, Bloomberg, National Association of Realtors

☆ The real-estate market is in for sharp correction with losses that could take a decade to recover from, strategist says
▼ + stars: | 2024-07-04 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

Give it another two or three years — that's when the real-estate market gets hit the most." The fallout in the commercial real-estate sector could meanwhile be more severe. But banks, bearing huge losses in their mortgage and commercial real-estate portfolios, will be more hesitant to lend, weighing on demand and causing real-estate prices to plunge. Advertisement"It's possible we'll see a 50% [correction] in some spots, but I would say somewhere around a 30% correction in real estate," Vermeulen said of real-estate investments. Those losses could take seven to 10 years to recover from, he said, because of the long nature of real-estate cycles.

Persons: —, Chris Vermeulen, who's, Vermeulen, — that's Organizations: Service, Traders, Business, Census, Challenger, Bloomberg, Fed, National Association of Realtors

☆ Russia's former president said the US thinks it won the Cold War but is now on the verge of losing it
▼ + stars: | 2024-07-01 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +1 min

Russia's former President Dmitry Medvedev said that the US erroneously believes it won the Cold War. "What's more, it is now just one step away from losing it completely," Medvedev added. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRussia's former President Dmitry Medvedev said the US had erroneously "decided that it had won the Cold War." He added: "What's more, it is now just one step away from losing it completely."

Persons: Dmitry Medvedev, Medvedev, Putin, — Organizations: Service, Russia's Security Locations: St Petersburg

☆ England 2 Slovakia 1 – Southgate’s side scrape through, Bellingham to the rescue, tactical questions remain
▼ + stars: | 2024-06-30 | by ( Jacob Whitehead | Oliver Kay | ) www.nytimes.com time to read: +11 min

England edged past Slovakia to reach the Euro 2024 quarter-finals, but only after staring a humiliating defeat in the face. England did get the ball in the net early in the second half, but Phil Foden’s effort was ruled offside. That gave Southgate’s team a lead that they defended successfully for the remainder of extra time to retain their place in the tournament… just. AdvertisementAcross their four matches at this tournament, England showed consistent failings that have not been addressed. Peter RutzlerWas the first half England’s worst of the tournament (so far)?

Persons: Gareth Southgate’s, Ivan Schranz, Jordan Pickford, Phil Foden’s, Declan Rice, Jude Bellingham, —, Harry Kane, Jacob Whitehead, Oliver Kay, Mark Carey, Peter Rutzler, Gareth Southgate, Kyle Walker, Marc Guehi flicked, Cole Palmer, Eberechi Eze, Ivan Toney, Southgate, Carl Recine, Oliver Kay Breaking, Jude Bellingham’s, Marc Guehi, Martin Dubravka, Bellingham, Gareth Southgate England, Kieran Trippier, Trent Alexander, Arnold, Conor Gallagher, Kobbie Mainoo, Ian MacNicol, England —, Toney, Harry Kane’s, underperformance —, Kobbie, Shaun Botterill, John Stones, Ivan Schranz’s, England …, Mainoo Organizations: Slovakia, England, Switzerland, Adidas, Championship, Argentina Locations: Slovakia, England, Ruhr, ignominy, —, Dusseldorf, Bellingham, Martin, Southgate’s, Iceland, Switzerland, Gelsenkirchen

☆ Redbox's parent company stopped paying employees for over a week before finally filing for bankruptcy
▼ + stars: | 2024-06-30 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +3 min

Read previewRedbox's parent company hasn't paid its employees in over a week amid financial woes that ultimately resulted in Chapter 11 bankruptcy. Chicken Soup for the Soul Entertainment filed for bankruptcy protection on Friday, and Redbox Entertainment filed the following day, according to online records. Chicken Soup for the Soul Entertainment completed a $370 million deal to acquire Redbox Entertainment in 2022. AdvertisementRepresentatives for Chicken Soup for the Soul Entertainment did not respond to a request for comment from Business Insider. Chicken Soup for the Soul recently settled with NBC Universal but missed the first payment, according to the Verge.

Persons: —, hasn't, haven't, hadn't, Justin Sullivan Organizations: Service, Soul Entertainment, Redbox Entertainment, Business, Getty, Employees, Hollywood, NBC Universal

☆ Netflix is the rare company with 2 CEOs. So what happens when they disagree?
▼ + stars: | 2024-06-28 | by ( Jaures Yip | ) www.businessinsider.com time to read: +4 min

Netflix co-CEO Greg Peters thinks he and co-CEO Ted Sarandos have got it down. AdvertisementNetflix cofounder Reed Hastings remains board chairman after picking Ted Sarandos and Greg Peters to take over. Ernesto S. Ruscio/Getty Images / Netflix"We disagree, we butt heads, we talk it out," Sarandos told Bloomberg at the time. "So did Reed and I, and so did you (Greg) and Reed (Hastings). They also have guidance when they need it from Netflix cofounder Reed Hastings, who they said is "still in the mix" to give his "counsel and perspective" when they run into disagreements.

Persons: —, Greg Peters, Ted Sarandos, Peters, Sarandos, it's, Warby Parker, Neil Blumenthal, David Gilboa, we've, Reed Hastings, Ernesto S, Reed, Greg, Netflix's, " Peters Organizations: Service, Netflix, Business, Deutsche Bank, SAP, Bloomberg, Reed Locations: Hastings

“I swear our stomachs are decaying,” said Eman Abu Jaljum, 23, whose family in northern Gaza has been surviving off canned peas and beans. “We are living in a famine that is more extreme than ever before,” Ms. Abu Jaljum said. Credit... Omar Al-Qattaa/Agence France-Presse — Getty ImagesOne of his daughters, Mr. al-Sapti said, asked for eggs, but there were none to be found. In the north, bread has become more available as some bakeries in Gaza City reopen their doors, said Mr. al-Sapti. But Mr. al-Sapti worries that the bakeries may soon run out of fuel.

Persons: “, ”, Abu Jaljum, Ms, Omar Al, Sapti, ‘, Jana Ayad, Mohammed Salem, Khan Younis, Hammad, Mr Organizations: Hamas, Agence France, Integrated, International Medical Corps, Reuters Locations: Gaza, Israel, Gaza City, Jabaliya, Somalia, South Sudan, Deir al Balah

A panel of global hunger experts warned this week that the Gaza Strip was on the brink of famine, but to many Gazans, it feels as if it is already here. “I swear our stomachs are decaying,” said Eman Abu Jaljum, 23, whose family in northern Gaza has been surviving off canned peas and beans. In a report issued on Tuesday, the experts said that almost half a million people in the territory faced starvation. They stopped short of declaring a famine, a designation that depends on a variety of criteria being met. “We are living in a famine that is more extreme than ever before,” Ms. Abu Jaljum said.

Persons: “, ”, Abu Jaljum, Ms Organizations: Hamas Locations: Gaza, Israel, Gaza City

☆ Purdue Opioid Settlement on Verge of Collapse After Supreme Court Ruling
▼ + stars: | 2024-06-27 | by ( Jan Hoffman | ) www.nytimes.com time to read: +1 min

The hard-fought settlement of thousands of lawsuits against Purdue Pharma was close to capsizing on Thursday, after the Supreme Court rejected liability protections for the company’s owners. The ruling effectively prevents the release of billions of dollars that could help alleviate the ravages of opioid addiction. The future of the cases, some of which are a decade old, is now in limbo, as states, local governments, tribes and more than 100,000 individuals who sued the company, best-known for its prescription painkiller OxyContin, figure out next moves. The court effectively upended the settlement by striking down a provision that Purdue’s owners, members of the billionaire Sackler family, had insisted upon: immunity from all current and future opioid lawsuits in return for payments of up to $6 billion to plaintiffs. In a statement, Purdue called the decision “heart-crushing,” because the settlement had been agreed to by an overwhelming majority of plaintiffs.

Persons: Sackler Organizations: Purdue Pharma, Purdue Locations: capsizing

☆ Netflix co-CEO explains why the company keeps increasing prices for ad-free plans
▼ + stars: | 2024-06-25 | by ( Jaures Yip | ) www.businessinsider.com time to read: +1 min

Netflix co-CEO Greg Peters explained the streamer's price hikes for ad-free plans. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIt seems that every year viewers are watching streaming prices climb more and more — and Netflix is no exception. Netflix co-CEO Greg Peters explained the company's thinking behind the price hikes in a new interview. Peters recently told The Verge that the multiple price hikes to its ad-free plans in recent years are an effort to offer consumers a wider range of options — which require added investment to add that value.

Persons: Greg Peters, —, Peters Organizations: Netflix, Service, Business

☆ Netflix just tweaked its famous 'keeper test' used to drive out underperformers
▼ + stars: | 2024-06-24 | by ( Ana Altchek | ) www.businessinsider.com time to read: +4 min

Read previewNetflix overhauled its famous culture memo — and that means a new line added about its "keeper test" used by managers to determine if they should fire an employee. Netflix has long been known to operate its business like a sports team, not a family, and the keeper test is part of that culture. AdvertisementThe keeper test has since evolved to, "If X wanted to leave, would I fight to keep them?" Related stories"In the abstract, the keeper test can sound scary," Netflix says in the latest version of its culture memo. In the abstract, the keeper test can sound scary.

Persons: —, X, Reed Hastings, Greg Peters, Peters Organizations: Service, Business, Netflix

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