I'm Julia Borson, and you're listening to CNBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern, listen in.

Every Wednesday, welcome to Tech Check. I'm John Ford with Julia Borson and Carl Kingtonia. Diajibosa is off.

Today, a broad tech rebound. The NASDAQ up 5% over the last week as growth names like Zoom and

Data Dog pop double digits off their lows.

FinTech Coinbase in a firm up more than 33% in a month.

So is the worst behind us we will discuss?

Plus, it is the stock of the morning more on Netflix and whether it is the end of an era of single-minded spending this hour.

And finally, don't think we forgot about Twitter.

Former CEO Dick Costello is going to join us this hour to talk Musk, the deal, and more in his first broadcast interview since the news first broke back in April, Julia.

Well, we're going to kick off today's feed with Netflix and a new era for streamers.

Netflix reported better than expected results, the less bad than anticipated loss of about a million

subs in the second quarter, and it laid out where its future will lie, which is a focus more

on generating revenue and less on user growth.

The two new initiatives that Reed Hastings and 10 Sarandos the co-CEO's focused on,

generating money from the 100 million people who are watching Netflix but not paying,

thanks to password sharing, and launching a lower-cost ad-supported service early next year.

These two things are closely connected.

A lower-cost service will give Netflix a better chance at getting those password borrowing

users to start to pay.

And lower cost could prevent users from churning out as soon as they finish binging their

favorite show.

Now, Netflix and all the other streamers are working to figure out how to lock people in and minimize that churn.

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