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Netflix stock plunges as company misses growth forecast

The Verge

Netflix investors have been worried that the company isn’t adding subscribers fast enough — and today, they started to panic. After Netflix reported lower than projected subscriber additions for the final quarter of 2021, its stock plummeted nearly 20 percent. Last quarter, Netflix had forecasted that it would report 222.06

Company 96
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Netflix’s Planned Price Hike Makes One Thing Clear: Ads Are All The Rage, Again

Forrester IT

Netflix will report its Q3 2023 earnings on Wednesday. Expect the company to have made more headway with its password-sharing crackdown. In spite of this, all eyes (and ears) will be on the state of Netflix’s ad business.

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Restricted Source Licensing Is Here

Forrester IT

Major software companies employ teams of full-time workers to write and contribute code to open source projects. Even end user companies such as Netflix, Lyft, Capital One, etc., Open source has taken the enterprise by storm. What was once seen as risky code, developed in suburban basements, has taken on new life.

Licensing 424
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Netflix employees at the heart of the Dave Chappelle controversy file charges against the company

The Verge

Two Netflix employees at the heart of the Dave Chappelle controversy have filed labor charges against the company, alleging the streaming giant retaliated against them for engaging in protected activity. Netflix said it fired Pagels-Minor for allegedly leaking confidential information — a charge they have categorically denied.

Company 105
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Netflix Saturation Nears, With No Dearth Of Original Content To Binge

Forrester IT

Netflix subscriber growth continues to slow. In its Q4, 2021 earnings interview tonight, company executives said it’s “tough to pinpoint” why customer acquisition hasn’t recovered to pre-pandemic levels. But the reality is that the streaming market has become saturated.

Company 361
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What the high-profile layoffs at Snap, Netflix, and other companies could mean for the economy

Vox

A car drives by Netflix headquarters in Los Gatos, California, in April. For months, top tech companies have announced round after round of layoffs as the US economy slows down and fears of a recession have grown. Other big companies — including Netflix , Microsoft , and Shopify — have laid off hundreds of employees already this year.

Company 69
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Netflix unveils game lineup for 2024 including Sonic Mania Plus, Game Dev Tycoon, more

TechSpot

Mike Verdu, head of Netflix's gaming division, said the company introduced 40 games in 2023 including Grand Theft Auto: The Trilogy – The Definitive Edition (out on December 14). Netflix this year also debuted its first two internally developed titles, and rolled out a pilot program to make games playable on TV and computers.