Category Archives: News and Views

Netflix cuts 150 US-based jobs after losing subscribers | BBC News

Netflix has made about 150 staff redundant, a month after the streaming service said it was losing subscribers for the first time in a decade. The redundancies, announced by the entertainment giant on Tuesday, will mainly affect its US office in California. They account for about 2% of its North American workforce. Netflix said the job losses were due to the slump in the company’s revenue. The streaming service is battling an exodus of viewers this year.

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Sony confirms its new PlayStation Plus tiers will launch on June 13, reveals list of games | TechCrunch

Sony announced today that its revamped PlayStation Plus gaming subscription tiers will launch in the United States on June 13th. The new PlayStation Plus tiers offer similar benefits to Microsoft’s Xbox Game Pass, which gives users access to a library of rotating games for a monthly fee. Sony has also released a list of games that will be available during the launch time frame. It’s worth noting that Sony’s new subscription tiers won’t include new first-party games, such as “Horizon Zero Dawn and “Horizon Forbidden West,” at least not at launch.

The lowest tier of the subscription service is called “PlayStation Plus Essential” and comes with the same benefits that PlayStation Plus members have today and costs $9.99 per month. The middle tier, which is called “PlayStation Plus Extra,” comes with all the same perks as the Essential tier but includes a selection of up to 400 PS4 and PS5 games. Sony notes that games in the Extra tier can be downloaded for online play. The Extra tier costs $14.99 per month.

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Twitter CEO Breaks Silence on Exodus of Execs, Hiring Freeze and Musk Bid: ‘We Need to Be Prepared for All Scenarios’ | Entrepreneur

The transition from Twitter being a publicly traded company led by CEO Parag Agrawal to a privately-held company owned by billionaire Elon Musk has been anything but smooth and drama free.

Musk’s purchase, which is widely expected to close by the end of 2022, has been the cause of contention among shareholders Twitter employees who have been vocal about their concerns for the company moving forward.

It seems as though some of these concerns were well-founded last week when Agrawal told employees that two top Twitter execs — Kayvon Beykpour (general manager of consumer) and Bruce Falck (revenue product lead — would be leaving the company, shortly after Musk himself explained that his bid on the company was “on hold” pending an accurate report of what percentage of Twitter users are actually bots and spam accounts.

Agrawal did not publicly comment on the matter at the time but took to Twitter over the weekend to break his silence regarding Musk’s deal and the departure of the employees, noting that he does “expect the deal to close.”

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Netflix is working on adding live streaming to its service, report claims | Mashable

Netflix wants to do it live.

So reports Deadline, which notes that the streaming giant is “exploring” bringing live streaming to its service. That’s right, live entertainment — presumably with none of the pausing, rewinding, or fast-forwarding we’ve all come to take for granted in our post cord-cutting world.

The move into live entertainment would follow on Netflix’s apparent plan to add an ad-supported tier to the subscription platform sometime this year, and would reportedly focus on stand-up specials and unscripted shows.

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Stocks week ahead: How resilient is the US consumer? | CNN

Worries about an economic slowdown are running wild on Wall Street. Despite concerns about inflation, higher interest rates from the Federal Reserve, supply chain issues and geopolitical turmoil due to Russia’s invasion of Ukraine and Covid outbreaks in China, American consumers continue to do what they do best: shop until they drop.

Retail sales rose at a healthy 0.5% clip in March when compared to February and were up 6.9% from March 2021. Economists are expecting that the strong trend for retail lasted into April as well. The government will report retail sales figures for April on Tuesday. Forecasts are calling for a 0.7% jump from March levels.

In other words, experts don’t think negative headlines and recent market turmoil slowed down consumer spending.

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Next Motorola Razr could get rid of the offbeat chin design | Digital Trends

Motorola Razr devices have been known for their offbeat design language. The original Razr sold so well that Motorola retained the name for its first foldable smartphone lineup. Now, the company seems to be planning to get rid of the design that set the Razr apart from the plethora of smartphones on the market.

According to a new report by 91Mobiles, Motorola is all set to unveil the next-gen foldable Razr. It is said to be a big upgrade both in terms of design and internal hardware. Up until now, Motorola has stayed away from packing a flagship system on a chip in its foldable smartphone, but things are all set to change now. As per the report, the upcoming Motorola Razr will be offered in two variants: one powered by the Qualcomm Snapdragon 8 Gen 1 and the other by the yet-to-be-launched Snapdragon 8 Gen 1 Plus chipset.

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Kentucky Derby: 80-1 outsider Rich Strike pulls off historic upset | BBC News

An 80-1 outsider has won the Kentucky Derby, in one of the biggest upsets in the history of America’s most celebrated horse race.

Rich Strike – ridden by Sonny Leon – stormed to victory at Churchill Downs in Louisville despite having the longest odds among all 20 horses.

The horse was only brought in on Friday after another had to drop out.

It is the second-longest shot to win the Run for the Roses after Donerail won at 91-1 odds in 1913.

Rich Strike pulled ahead down the stretch to beat favorite Epicenter, who was second, and Zandon, who was third.

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Crypto gaming is growing, but can it reach people outside of the web3 world? | TechCrunch

Last year was big for the play-to-earn gaming scene, which goes hand-in-hand with the crypto world, but as the games become more advanced and provide more opportunities for users, what’s next for the industry?

Perhaps it’s building out the gaming experience or creating new openings for non-crypto-native players to enter the space, but there’s a range of opportunities and challenges for builders and gamers.

“The goal is to bring the Web 2.0 traditional gaming masses to web3,” Alex Paley, co-founder of Solana-based blockchain gaming studio Faraway, said to TechCrunch. “The only way you do that is by removing as many artificial barriers as possible.”

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Inside Shein’s Sudden Rise: Fast, Cheap, and Out of Control | WIRED

LAST FALL, IN the stagnation of pandemic life, I became fascinated with videos of influencers standing in their bedrooms and trying on clothes from a company called Shein.

In the TikToks, hashtagged #sheinhaul, a young woman would hold up a big plastic bag and rip into it, releasing a cascade of smaller plastic bags, each containing a neatly folded item of clothing. The shot would then cut to the woman wearing one piece at a time, rapid-fire, interspersed with screenshots from Shein’s app showing the prices: an $8 dress, a $12 swimsuit.

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‘They Don’t Know What Work Actually Means’: Manager Fired After Posting Rant Against Gen Z on Front Door | Entrepreneur

It’s long been joked about that boomers blame millennials and Gen Z for everything, including critiques on the younger generations’ work ethic and alleged inability to save and spend money responsibly.

But one Dollar Tree manager took the generational assumptions a little too far after posting a hiring notice that banned Gen Z hopefuls from applying, subsequently getting herself fired in the process.

The Dollar Tree in Bremen, Indiana has become the source of internet infamy after a photo made its rounds of a sign that was plastered to the front of the store.

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