Netflix Sets Sights on Video Games for Next Chapter As Growth Slows

Netflix launched its video game streaming service in November 2021, investing in mobile app games. The streaming giant has since purchased multiple development studios and increased gaming-focused staff. The pivot to interactive streaming comes as Netflix’s growth has slowed to single digits. As Netflix chases younger audiences and grapples with keeping its current subscribers content, … Read more

Netflix Insiders Reveal Culture Shift, ‘Fear-Based’ Decisions

Netflix insiders, creators, and other Hollywood stakeholders told Insider the company’s culture has shifted amid challenges. Former employees described less ‘candor’ and more ‘fear-based’ decisions. Layoffs in the spring affected departments across the company; the indie film team lost 8 of 11 members. In March, hundreds of Netflix’s highest-ranking executives congregated for a quarterly business … Read more

Netflix shares drop 25% after it loses 200K subscribers

Netflix’s video streaming service suffered the first loss in worldwide subscribers in its history, leading to a massive sell-off of its shares Netflix suffered its first subscriber loss in more than a decade, causing its shares to plunge 25% in extended trading amid concerns that the pioneering streaming service may have already seen its best … Read more

How much Netflix pays employees in the US in 2021

Netflix has been staffing up for its next wave of growth that could come from international TV and new areas like video games. With employees on the move across industries amid the Great Resignation, Insider updated its analysis of how much Netflix employees make in the US. We combed through public data to get a … Read more

Netflix plans to offer video games in push beyond movies and TV shows

Netflix Inc., marking its first big move beyond TV shows and films, is planning an expansion into video games and has hired a former Electronic Arts Inc. and Facebook Inc. executive to lead the effort. Mike Verdu will join Netflix as vice president of game development, reporting to Chief Operating Officer Greg Peters, the company … Read more

Instagram, Facebook, and LinkedIn share over 50% user data

The observations highlight the growing problem of lack of online privacy as companies share their users’ data with third party firms without their knowledge. (Subscribe to our Today’s Cache newsletter for a quick snapshot of top 5 tech stories. Click here to subscribe for free.) A cybersecurity firm studied applications on Apple’s app store to … Read more

‘Embrace the coming crash’: A notorious market bear who called the dot-com bust warns big tech stocks are on the verge of succumbing to the economy’s downturn

Societe Generale’s Albert Edwards says tech stocks face a downfall similar to the dot-com bust he forewarned about in the late 1990s. While acknowledging their market leadership so far during this pandemic, he warns that their prices are rising at an unsustainable pace relative to profit growth. He likened the appeal of tech stocks today to … Read more