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Hashtag Trending July 19 – Social media buyer’s remorse; Netflix new fee; are video game loot boxes gambling? – IT World Canada

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Social media is causing buyer’s remorse, Netflix is testing a new fee for streaming from another location, and the UK excludes gaming loot boxes from its betting laws.

That’s all the tech news that’s trending right now, welcome to Hashtag Trending. It’s Tuesday, July 19, and I’m your host, Tom Li.

A new study by Bankrate revealed that social media may be causing serious cases of buyer’s remorse. The survey study found that nearly half of users admitted to making an impulse purchase based on a sponsored post, and 64 per cent of them regretted at least one purchase. It’s not just about a lighter wallet; it’s no surprise, that social media also dampens consumer spirits. Nearly a third of social media users are more likely to feel negative about their financial situation than any other aspect of their lives. Almost half of Gen Z and millennials reported that they feel worse about their financial situations because of other people’s social media posts.

Source: Fortune

Netflix is testing a new way to reduce password sharing. The streaming platform is testing out a new fee that applies when accounts are connected outside of the primary household. Each additional “home” will cost around $1.17 a month in Argentina, and $3 in El Salvador, Guatemala, Honduras, and the Dominican Republic. Netflix explained that the fee would only apply to TV or TV-connected devices, and only if they’re connected for more than two weeks. Users can still watch on their laptops and smartphones outside of their primary residence without additional fees.

https://www.theverge.com/2022/7/18/23269063/netflix-home-password-account-sharing-latin-america-test

Are video game loot boxes considered gambling? The UK government doesn’t think so, at least not yet. According to the BBC, the UK government has excluded video game loot boxes from betting laws since the prizes do not hold real-world value. Still, the Gambling Commission said it will monitor the trading of loot box items in unlicensed gambling. Video game publishers have been pressed by the UK to take stronger measures to protect vulnerable adults, and the UK will be launching a video game research framework later this year.

Source: BBC

Apple is putting up a $2 million bounty to anyone who can break its new Lockdown protection mode. The new privacy mode is designed to harden iPhones against targeted cyberattacks. As the company puts it, Lockdown Mode offers an “extreme layer of security” at the cost of limited functions. Once enabled, Lockdown Mode disables most types of attachments, links previews in iMessage, and cuts wired connections to a computer when the iPhone is locked.

https://en.edieta.org/mobile/16574

That’s all the tech news that’s trending right now. Hashtag Trending is a part of the ITWC Podcast network. Add us to your Alexa Flash briefings or your Google Home daily briefing. Make sure to sign up for our Daily IT Wire newsletter to get all the news that matters directly in your inbox every day. Also, catch the next episode of Hashtag Tendances, our weekly Hashtag Trending episode in French, which drops every Thursday morning. If you have a suggestion or a tip, drop us a line in the comments or via email. Thank you for listening, I’m Tom Li.

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Netflix is not in deep trouble. It's becoming a media company – CNN

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New York (CNN Business)Netflix has had a terrible 2022. In April, it said it lost subscribers for the first time since 2011. Its stock has tumbled more than 60% so far this year.

Yet its recent struggles may not be the start of a downward spiral or the beginning of the end for the streaming giant. Rather, it’s a sign that Netflix is becoming a more traditional media company.
Netflix (NFLX) was originally valued as a Big Tech company, part of the Wall Street acronym, “FAANG,” which stood for Facebook (FB), Apple (AAPL), Amazon (AMZN), Netflix and Google (GOOG). Wall Street once valued the company at about $300 billion — a number on par with many Big Tech companies that Netflix’s business model ultimately couldn’t live up to.
“I think Netflix was extremely overvalued,” Julia Alexander, director of strategy at Parrot Analytics, told CNN Business. “Unlike those companies that have different tentacles, Netflix does not have a lot of tentacles.”
But Netflix was never really a tech company.
Yes, it relied on subscriber growth like many companies in the tech world, but its subscriber growth was built on having films and TV shows that people wanted to watch and pay for. That’s more a like a studio in Hollywood than a tech company in Silicon Valley.
Netflix looked a lot more like a tech company than, say, Disney, Comcast, Paramount or CNN parent company Warner Bros. Discovery. But as those traditional media companies start to look a lot more like Netflix, Netflix in turn is starting to take page out of its rivals’ playbooks: It’s going to start serving ads and it has been releasing some shows over the course of weeks and months rather than all at once.
Netflix has said that its cheaper ad tier and clampdown on password sharing may come next year. It’s partnering with Microsoft (MSFT) for its ad business.
“I think in many ways the moves Netflix are making suggest a transition from tech company to media company,” Andrew Hare, a senior vice president of research at Magid, told CNN Business. “With the introduction of ads, crackdown on password sharing, marquee shows like ‘Stranger Things’ experimenting with a staggered release, we are seeing Netflix looking more like a traditional media company every day.”
Hare added that Netflix’s former business strategy, which was “once sacrosanct is now being thrown out the window.”
“Netflix once forced Hollywood deeply out of its comfort zone. They brought streaming to the American living room,” he said. “Now it appears some more conventional practices could be what Netflix needs.”
At Netflix right now, “a lot of these strategic moves are being made as they mature and move into the next phase as a company,” noted Hare. That includes focusing on cash flow and revenue rather than just growth.
“In other words, old school business,” he said.
— CNN Business’ Moss Cohen contributed to this report.

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City of Brandon – August 7th Media Release – City of Brandon –

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For the last 24 hours:

Drinking in Public Leads to Multiple Criminal Charges:

At about 11:40 AM Saturday morning, it was reported that a male subject was acting bizarrely in and around the 700 block Rosser Ave.  When located in the area, the 21 year-old was drinking an alcoholic beverage so was detained under the LGCCA.  He was subsequently found to be in breach of multiple conditions of two separate Probation Orders.  Search incident to arrest revealed a machete in his backpack.  He disclosed taking an unknown quantity of unknown pills, so was released on appropriate police imposed conditions as he was receiving medical assessment and treatment.  He is to appear in Court on October 3rd, facing one count of possessing a weapon and six counts of failing to comply with a Probation Order.

Break & Enters:

An unlocked attached residential garage on Falcon Crescent was entered overnight on Friday and tools were stolen.  Some of those were recovered strewn across neighbouring property.

A resident in the 300 block 27th Street reported that the detached garage had been forcibly entered overnight Thursday – Friday.  The complainant was unsure if anything had been stolen but the walk-through door frame had been damaged during the incident.

Theft With Threat:

At about 3:50 PM Saturday afternoon, it was reported that a resident in the 700 block 20th Street had been robbed of a bicycle approx. 20 minutes prior, while in his back yard.  Police attended and spoke with the victim who related that an unknown male came into his back yard and stole an old bicycle of no value, and brandished a knife while doing so. The suspect left without further incident.  The suspect was described as Indigenous in appearance, 6’5”, skinny, wearing a blue hoodie, black bandana and hat.  The knife was pulled from the front right pants’ pocket.

Arrest Warrants:

A 28 year-old female was encountered in the 700 block 18th Street Saturday evening, with personal effects strewn about a business vestibule.  A records query revealed a warrant for arrest for failing to comply with a Probation Order. She was arrested and released on scene with a court date of October 3rd.

Just before midnight Saturday night, Brandon RCMP advised having a 51 year-old male in custody on the strength of a BPS held warrant for arrest for sexual assault.  RCMP had attended to a complaint in Glenboro and encountered the accused.  He is held in custody and will appear before the court later today.

Motor Vehicle Collision With Injuries:

At 11:15 PM Saturday night, 911 reported a two vehicle collision at the intersection of Russell Street and Madison Crescent.  Two occupants were stuck in a vehicle that had rolled over onto its’ side.  The investigation revealed that the driver of the rolled vehicle failed to stop at the stop sign. That driver was transported to BRHC by EMS with non-life threatening injuries. The second driver was uninjured.

Others:

Several people were detained from separate incidents, for their own safety or to prevent a breach of the peace, due to their level of intoxication.  They will be held in custody until sober enough to care for themselves.

RELEASE AUTHORIZED BY:

A/Staff Sergeant Dallas Lockhart, #101

C Platoon

~~~~~~~~~~~~~~~~~

Anyone with information on any unsolved crime is asked to call Brandon Crime Stoppers at 204-727-(TIPS) 8477, www.brandoncrimestoppers.com or by texting BCSTIP and your message to CRIMES (274637).  Crime Stoppers pays up to $2000.00 cash for information that leads to the solution of a crime.

CRIME STOPPERS 204-727-TIPS

 

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Social Media Buzz: Taiwan, Indiana Abortion Ban, Kim and Pete – Bloomberg

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Social Media Buzz: Taiwan, Indiana Abortion Ban, Kim and Pete  Bloomberg



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