Netflix unveiled its new “Basic with Ads” tier, priced at $6.99 / month. This is a $3 discount to the prior cheapest plan, and will include 4-5 minutes of ads per hour of content.
Netflix told shareholders in 2019 that remaining ad-free was a “deep part of our brand proposition” - so why the shift?
The company saw its first subscriber drop in a decade in Q2, and faces competition from both Hulu (starting at $6.99 / month) and Disney +’s ad-supported tier coming soon.
Mark in the Metaverse
Meta unveiled its new VR headset - the Quest Pro, a $1,500 device positioned as a laptop alternative for working professionals.
Mark Zuckerberg was joined in the announcement by Microsoft CEO Satya Nadella, who discussed integrating Teams into Meta’s VR headsets.
If adopted broadly, the Quest Pro would be the first VR “moment” for everyday workers.
PLAYLIST OF THE WEEK
Our Playlist of the Week [inflation] by Samuel Attal created in August 2022.
"I have felt more confident and in more control over my investments since I started using Alinea. This is not my first time investing, but I don't feel intimidated using this app like I did in the past with other apps. It has given me the confidence to be more aggressive with my investing strategy."
The Content is for informational purposes only, you should not consider any such information or other material as investment, financial, or other advice. Nothing contained on our Site constitutes a solicitation, recommendation, endorsement, or offer by Alinea Invest or any third party service provider to buy or sell any securities or other financial instruments in this or in any other jurisdiction. When investing your capital is at risk.
Eve Halimi is the Co-Founder and Co-CEO of Alinea, an investing app created for Gen Z’s which allows users to grow their money by investing in what matters to them. She gained extensive experience empowering brands to build better digital experiences working in strategy at Contentsquare, a growth stage data analytics startup, bringing that expertise to Alinea. Prior to creating Alinea, Halimi held multiple positions at financial institutions and hedge funds such as Goldman Sachs and Boussard & Gavaudan. She founded her first community-based application at the age of 15. Alinea is backed by Y Combinator, Harvard, Kima, Goodwater and many other leading investors.