Welcome to the Tech Mem Right Home for Wednesday, July 21st, 2021. I'm Brian McCullough today.

Netflix's growth has hit a wall, so here come the games. What to do about a problem like those

NSO hacks. Samsung's next unpacked event is announced one of the biggest

crypto raises of all time and will Apple ever join the Android ecosystem and kill off SMS

once and for all? Here's what you miss today in the world of tech.

Earning season is back for tech companies and for the first time in a while we have a new

narrative.

Netflix reported revenue that beat expectations slightly.

They also reported global net additions of paid subscribers. expectations slightly

with 1.5.54 million new subscribers,

but the US and Canada region actually lost 433,000 subscribers,

and that was on a quarter over quarter basis.

First time that Netflix has lost customers

in those regions since 2019. Now engagement, which is the time spent

per member household per day, was actually up 17% versus pre- Pandemic levels from Q2 of 2019 and it's worth noting that's with

57 and a half million more global subscribers

over that time period and Netflix made slightly more per user on a per user basis,

but as our friend Lucas Shaw tweeted,

quote, Netflix just recorded its worst

first half of the year since 2013,

the same year it released House of Cards.

And back then it was available in less than 50 countries. It's now in more than 190, end quote.

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