Netflix Raised Prices and the Stock Market Rewarded It. How Will Consumers React?

Netflix’s stock rose nearly 7% Tuesday on news that the streaming-video giant will raise its monthly subscription fees. While Wall Street seemed to welcome the move, the sentiment among Netflix subscribers was decidedly less enthusiastic. The standard Netflix subscription will rise to $13 a month from $11 a month. A premium subscription, which doubles the number of screens that can watch at once and deliver Ultra HD video, will now cost $16 per month, up from $14. Netflix’s basic plan is jumping from $8 per month to $9 per month. Netflix’s stock price gained $21.70 a share, or 6.5%, to $354.64 a share Tuesday following the company’s announcement of the… Read More

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These are the 577 positions SpaceX is cutting at its headquarters in a major round of layoffs

SpaceX, the rocket company founded by Elon Musk, is laying off about 10% of its workforce. In a notice required by California law, the company said it’s eliminating 577 positions at its headquarters in Los Angeles. Business Insider compiled that layoff data into two charts that summarize the roles and duties of those being let go. Technicians, engineers, and machinists together make up a majority of SpaceX’s terminated positions, while managers and supervisors represent about 7% of the layoffs. Musk previously said SpaceX is moving resources into developing a reusable launch system called Starship/Super Heavy (or Big Falcon Rocket), and deploying a global satellite internet network called Starlink. Elon Musk’s… Read More

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Snap CFO Tim Stone is resigning

Snap CFO Tim Stone is leaving the company, according to documents Snap filed with the SEC today. “Tim has made a big impact in his short time on our team and we are very grateful for all of his hard work,” Snap CEO Evan Spiegel wrote in a memo, obtained by TechCrunch, to employees. “I know we have all benefitted from his customer focus and the way he has encouraged all of us to operate as owners.” This marks Snap’s second CFO departure in the last twelve months. “Mr. Stone has confirmed that this transition is not related to any disagreement with us on any matter relating to our accounting,… Read More

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Polk’s Alexa-enabled soundbar now supports multi-room music

Polk Audio today announced its Command Bar, an Alexa-enabled soundbar, will receive a software update adding Amazon‘s multi-room music (MRM) protocol. It’s the first third-party smart speaker to do so. The Command Bar is among the best sounding speakers featuring Alexa support, but it suffers from a lack of features when compared to Amazon‘s first-party products. Until now, it was an isolated speaker (plus sub-woofer) that sounded great, but couldn’t join the party if you wanted to make the whole house jam to the same tunes. Amazon‘s MRM is one of those features you don’t know you need until you experience… This story continues at The Next Web …read more… Read More

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The Sims gets its own in-game Alexa-style assistant, Lin-Z

There’s nothing like The Sims to log off from reality for a bit. Getting away from the increasingly ubiquitous world of smart assistants, on the other hand, is a different matter entirely. EA announced this week that the perennial favorite life simulation series is getting its very own smart assistant. Lin-Z is a lot like an in-game version of Alexa — or, for that matter, Google Assistant or Siri or Bixby or Cortana, et al. Accessed via a smart speaker with a familiar glowing green diamond, the assistant can play music, do trivia, tell jokes, turns lights on and off (smart home!) and order different services, like food, gardening and… Read More

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