Thurs. 07/18 - Netflix's Numbers Visit the Upside Down

Tech Brew Ride Home

Amalgamated Internets, LLC

Tech News, News, Technology

4.7 • 1K Ratings

🗓️ 18 July 2019

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Netflix's growth disappoints, but Stranger Things have happened. The Democratic National Committee tells candidates to avoid the photo-aging simulator FaceApp. Don't expect driverless cars any time soon, despite the hype. Can 5G networks give you cancer? No, no they can't. Finally, go ahead! Start that podcast. Don't listen to the naysayers. Sponsors: SVB.com/next Castro Links: Netflix subscription adds disappoint, stock drops (Variety) DNC warns candidates to stop using FaceApp, citing Russian danger (CNN) FaceApp developer describes privacy policy (TechCrunch) Tesla's plans for self-driving cars worry those who know best (Washington Post) Self-driving cars remains "way in the future" (New York Times) The 5G Health Hazard That Isn't (New York Times) Have we hit peak podcast? (New York Times) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Tech Meme Ride Home for Thursday, July 18th, 2019.
0:12.4	Today Netflix's gross... July 18th, 2019.
0:13.4	Today, Netflix's growth disappoints, but stranger things have happened.
0:18.0	The Democratic National Committee tells candidates to avoid the photo-aging simulator,
0:22.2	FASAP. Don't expect driverless cars. to avoid the photo aging simulator, face app.
0:23.0	Don't expect driverless cars anytime soon,
0:26.0	despite the hype.
0:27.0	Can 5G networks give you cancer?
0:29.0	No.
0:30.0	No, they can't.
0:31.0	Finally, go ahead.
0:33.3	Start that podcast.
0:34.7	Don't listen to the naysayers.
0:36.9	I'm Glenn Fleischman in for Brian McCullough, who is on vacation.
0:40.7	And here's what you missed in the world of tech today.
0:45.0	The glow is off Netflix as it's seemingly inexorable fast subscriber growth slowed in the latest quarter.
0:51.0	The company announced its second quarter earnings on Wednesday
0:53.8	and while revenue hit expectations at nearly five billion dollars and a 26% year
0:59.1	over year increase, the company lost 126,000 subscribers in the United States, half a million below forecasts, and the first drop in subscriptions in America in eight years.
1:09.0	It gained 2.8 million subscribers worldwide, adding up to 152 million, a 22% increase year over year.
1:16.7	But that was 40% off Netflix's predictions.
1:19.4	Netflix's stock dropped 10% and after hours trading and held there on Thursday as we record.
	...

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