The CEO of YouTube Has a Favorite Video and a Plan to Win Over Anyone Watching TV. File this under the “I guess it helps but I prefer you doing something else” cabinet. Building rapport with key creators is important. So is understanding their needs. I am just not sure that whatever the CEO of YouTube is doing is efficient and worth his valuable. I’d love for him to address the inhumane ads load that free users have to endure on mobile devices. If I were Meta, I’d think about a new brand and service whose sole purpose is to compete hard against YouTube. Consumers like myself are ready for a YouTube alternative that treats us better.
Netflix might ruin password sharing for everyone. The streaming service industry is so interesting and unpredictable that I distrust people who say they have it all figured out. Netflix wants to crack down password sharing to increase revenue. Its competitors are undoubtedly following this development to see if they can copy and make some more money. The problem is that this plan may drive away users (shocking!). Netflix already saw it in a few test markets, but unsurprisingly shrugged it off. Another consequence is that viewers will downgrade plans to Basic or even Ads-supported. There are two complications: 1/ will there be enough revenue to fund content in the future; and 2/ will there be content to keep viewers happy? Lower plans mean lower Average Revenue Per User (ARPU). Netflix needs to make the numbers look good to investors and fund content to keep churn low. The company also needs an existing library. The question is whether the likes of Disney or Warner Bros will license content to Netflix. These IP holders need money, but licensing to the biggest competitor will help Netflix retain users. An extremely delicate situation that even folks with privileged information may not know how to navigate. Therefore, I really can’t wait to see how all of this will unfold in the future.
Streaming services are removing tons of movies and shows — it’s not personal, it’s strictly business. A great complementary piece to the one right above about streaming services
What Costco’s Baskets Reveal About Consumer Finances. All signs are pointing to consumers under pressure and a recession. “ While shoppers still love going to Costco—traffic at its stores rose 4.8% globally and memberships grew 7%—they are walking out with smaller receipts. The average daily transaction declined 4.2% as shoppers bought fewer big-ticket discretionary items. Chief Financial Officer Richard Galanti said on Thursday’s earnings call that sales have shifted from beef to poultry and pork, a trend the company historically sees during recessions. Some are even switching to canned products such as chicken and tuna.”
Other stuff I find interesting
Europe is trying to ditch planes for trains. Here’s how that’s going. “Premature, but potential” is what I’d say. Although the new ban by the French government may have limited impact, this is the harbinger of what is going to happen in Europe. There will be more restrictions on flights, but I think that to make public transportation and trains more attractive to citizens, authorities must work to ensure that these means of transportation offer the same utility as flights. Until then, don’t expect flights to go away
Strong leg muscles may be linked with better outcomes after heart attack, study suggests. Another is added to a plethora of studies that say strength training is recommended for lower heart attack risks, especially among older people.
The Surprising Reason that There Are So Many Thai Restaurants in America. It’s a clever scheme from the Thai government to promote Thai culture and cuisine.
The unsung heroes of the Apple Watch are its hidden buttons. This is the best of Apple. Invisible things that are challenging to manufacture yet make the whole user experience stand out.
Tap-to-Pay brings additional $65 a month in spend from debit card users in the US, Visa executive reveals at Annual J.P. Morgan’s Global Technology, Media and Communications Conference 2023
According to Morning Brew, the next El Niño will cost the global economy $3 trillion through 2029
9.8 million passengers were screened at airports during Memorial Day weekend, according to the TSA
70% of adults in the US coped well financially in 2022, down from 75% in 2021