Netflix

Netflix is seeing a sharp rise in the number of long-term customers cancelling their subscriptions, signaling a new threat to the left-wing streamer’s financial stability, according to a new study. Consumers who had been Netflix subscribers for more than three years accounted for just 5 percent of total cancelations at the start of 2022, but that figure jumped to 13 percent in the first quarter of 2022. Also in the first quarter, total cancellations spiked to 3.6 million people, compared with around 2.5 million in the previous five quarters. The results are from a study conducted by the research firm Antenna and provided to the tech news site The Information. Antenna said it drew its data from a panel of 5 million Americans. “The data help illuminate why Netflix’s subscriber growth stalled suddenly in the first quarter, prompting a big drop in the company’s stock price to its lowest point in several years and undermining investor confidence,” The Information said. Netflix … [Read more...] about Study: Netflix Seeing Sharp Rise in Long-Term Customers Cancelling Their Subscriptions

Even tech companies that have promised to slash their greenhouse gas emissions have a big climate-related blind spot, according to a new report published by three environmental groups. With their cash and investments, Google, Apple, Meta, and other tech giants are indirectly financing fossil fuel companies. While these companies might have taken steps to cut down on pollution within their own operations and supply chains, the financial institutions they bank with still funnel Big Tech’s profits into heavily polluting industries. Emissions associated with that financial activity are so significant that they actually far exceed emissions from each company’s operations, the report finds. That pollution has flown under the radar because it isn’t typically included in companies’ assessments of their emissions. But if emissions associated with the cash holdings for Google, Meta, Microsoft, and Salesforce were taken into account, it would increase their carbon footprints by … [Read more...] about Why tech giants’ cash is a hidden source of greenhouse gas emissions