Netflix lost 200,000 subscribers last quarter and potentially two million this current period, according to a note to shareholders from last month. New research highlights that the number of long-standing subscribers canceling Netflix rose precipitously in the past few years. Newbie subscribers accounted for only 60% of cancellations in the first quarter, down from 64% in the fourth quarter. Netflix is losing ground, but the streaming market as a whole is gaining more subscribers. Paramount+ and Peacock are the most affordable options among new subscribers.
Google’s Russia division plans to file for bankruptcy after authorities seized its bank account. The Russian government still wants to rely on Google for some services, including YouTube. Google has been accused of having a cozy relationship with Russia. It’s not clear how much of a presence Google will have in Russia going forward. Google enjoys a 90 percent search market share in many countries, but Russia is one of the few places it faces a viable search competitor. The government said Tuesday it wants to keep YouTube running in the country.
Autonomous cars may be further away than believed, according to AAA. Testing of three leading systems found they hit a third of cyclists, and failed to avoid any oncoming cars. The tests [PDF] looked at three vehicles: a 2021 Hyundai Santa Fe with Highway Driving Assist; a 2021 Subaru Forester with EyeSight; and a 2020 Tesla Model 3 with Autopilot. There are no semi-autonomous cars generally available to the public that are able to operate above level two.
Lago’s co-founder Raffi explains why billing is still an unsolved problem for engineers. Lago, Pleo, Algolia, Segment and Fintech’s pricing systems are hard to build, hard to design, and hard to get working for you if you deviate from ‘the standard’ based on the number of monthly API searches. The team at Lago still has some painful memories of the internal billing system at Qonto, that we had to build and maintain, and deal with.