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Netflix now has to compete with the real world

The streaming wars took a savage turn this past week. Netflix’s earnings report disappointed investors. CNN+ dropped out of the game entirely, just a month after launching. The result has been a wave of brutal sell-offs, making Netflix the worst-performing member of the S&P 500 this year to date.
Here is the data point that likely wiped out billions of dollars of value: A decade of seemingly perpetual growth came to a halt with the loss of about 200,000 subscribers. You might need to grab a magnifying glass to see them, because ultimately that is just a 0.09 percent decline.
Had it ....

United Kingdom , Andrea Felsted , David Wainer , Bloomberg Beta , Trung Phan , Alex Kruglov , Roy Bahat , Lara Williams Bloomberg , Bloomberg Lionel Laurent , John Authers , Clara Williams , Twitter Spaces , Selling Sunset , Lionel Laurent , The Taipei Times ,

Bitcoin does consume a lot of energy – but here's why it's worth it

Today we attempt to address an argument that has resurfaced this week. That is the argument that bitcoin is somehow, for environmental reasons, unethical or immoral, because it uses a lot of electricity.
This is one of those arguments that never goes away – and I’m afraid it will never go away. Like Scottish independence or Brexit. “Bitcoin’s a bubble” is another one.
There are those who get bitcoin, see its potential and invest. There are those, such as Nobel-prize winning economists and Financial Times journalists, who are determined not to, and have been talking it down ever since it was a dollar ten years ago. ....

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