Twitter owner Elon Musk said Saturday that the social media platform he bought for $44 billion last October has lost roughly half of its advertising revenue. "We're still negative cash flow, due to ~50% drop in advertising revenue plus heavy debt load," the billionaire said in a post, responding to...
Netflix widens password-sharing crackdown worldwide
As growth at Netflix cooled last year, the Silicon Valley-based streaming giant set out to nudge people watching for free with shared passwords to begin paying for the service without alienating subscribers. The launch of an ad-subsidized offering around the same time as a crackdown on password sharing is no...
Twitter ad ‘to fall’ 28% in 2023
Major advertisers suspended Twitter activity after Musk took over.Netflix subscriber base grows after chilly start to year
The company said it ended the third quarter with slightly more than 223 million subscribers worldwide, up some 2.4 million, after seeing subscriber ranks ebb during the first half of the year.
