On Tuesday, Netflix reported a loss of 200,000 subscribers in the first quarter. That, coupled with lower profits, triggered a 35 percent plunge in its stock price—its largest selloff in nearly two decades. Blame competition, Recode says. And, observes Fortune, its failure to diversified its business portfolio. The streaming giant stubbornly stuck to its core product, which has now hit a wall.
At TED2022 last week, Elon Musk opened up about his bid to purchase Twitter and talked about the biggest regret of his career, how his brain works, and the future he envisions for the world. TED has posted the entire, unedited interview.
Aman Sahota of Redwood Technologies has a message for UX/UI designers: If your look at the work of others for inspiration, you’ll find someone else’s solution to someone else’s problem. Writing on UXPlanet, Sahota says visual decisions should be informed by research, investigation and fact. Designers who do not embrace that principle "are simply decorating."
Zoom this week announced a slate of updates and new features including a virtual whiteboard and gesture recognition, TechCrunch reports. Also unveiled were Zoom IQ for Sales, which uses AI to analyze calls, and changes including the ability to turn chat notifications on and off and create a central library of polls.
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LinkedIn’s battle against data scraping continues, with a new appeals court ruling again going against the company, Social Media Today reports. The court ruled that scraping publicly accessible data on the internet isn’t a violation of the Computer Fraud and Abuse Act. Responded LinkedIn: "This is a preliminary ruling and the case is far from over."
For everyone who bet big on last year’s NFT boom, Uncle Sam had a message this spring: pay up. By April 18, The Atlantic reports, every collector had to somehow report their NFT dealings to the IRS according to a set of rules the agency never laid out, but is nonetheless enforcing.
The publishing platform’s founders want Substack to be an “alternate universe on the internet.” But, the New York Times reports, it faces copycat rivals, an exodus by writers and a need to move beyond newsletters.
The global social media advertising market is expected to reach $262 billion by 2028, up from $103 billion in 2020, Martech says. In a new report by Million Insights, North America held the largest revenue share with more than 30 percent in 2020.
Agreed-upon rules for how to text appropriately have unraveled amid the global pandemic, the proliferation of social media apps and the breakdown of work-life boundaries, the Washington Post reports. As old texting etiquette has fallen away, new rules to replace it have emerged.
Handling soft fruit is tricky for robots, but after training with hours of data from a human operator, a machine learning algorithm developed the motor skills needed to peel a banana ... most of the time. The Japanese robot has a success rate of 57 percent, New Scientist reports (video).