Netflix Surges After Surpassing Earnings Estimates
Netflix, one of the most widely admired innovators in the tech industry, was rewarded this week for beating projected earnings – even though it missed expected numbers on domestic subscriber growth. The stock market apparently shrugged off fears that Netflix would be hurt by competition from companies such as Apple, Disney and WarnerMedia.
“Shares of Netflix surged 8% in premarket trading after the company late Wednesday released its earnings report for the third quarter. The company reported mixed results, with an earnings beat and a miss on domestic subscriber adds, while revenue slightly missed analysts’ expectations,” Annie Palmer writes of CNBC. “In its letter to shareholders, Netflix addressed the onslaught of new streaming services that are set to arrive later this year, including Disney’s Disney+ and Apple’s Apple TV+, as well as NBCUniversal’s Peacock and WarnerMedia’s HBO Max.”
EU’s Top Antitrust Enforcer Moves Against Broadcom
Margrethe Vestager, European’s top antitrust official, took aim at Broadcom in an unusually aggressive move this week, ordering the company to stop a business practice that could be construed as anticompetitive.
“Broadcom, the leading maker of chips used in television set-top boxes and modems, has been accused of using exclusivity agreements to block customers from using products made by rivals. A formal inquiry of Broadcom was opened in June, and the European Commission is now ordering the company to stop enforcing the exclusionary terms with six manufacturers of the boxes and modems,” writes Adam Satariano in The New York Times. “Ms. Vestager said Broadcom’s competitors would lose revenue and viability if the company’s actions were not halted, and that spurred her decision.”
The action is based on a rarely used rule, “signaling urgency within Europe to keep the technology market competitive,” writes Satariano.
Inspired by Research for NASA, New App Helps Travelers Overcome Jet Lag More Quickly
If you travel frequently across time zones, you’ll be interested in this item. An inventor named Mickey Beyer-Clausen joined forces with a Harvard Medical School neuroscientist to create an app that tells you when to seek light and when to avoid light while traveling on long trips. Apparently, NASA discovered a similar method while trying to make sure that astronauts on the International Space Station got enough sleep.
Beyer-Clausen teamed up with Steven Lockley, “a neuroscientist at Harvard Medical School and an expert in circadian rhythm studies. Lockley has worked with astronauts and Formula 1 race car drivers to improve sleep quality through light exposure,” writes Arielle Pardes in Wired.
The app, along with other anti-jet lag apps, is available in the App Store. If you use it, please send us an email and let us know how it worked for you. Thanks, and happy traveling!