Despite receiving scant coverage, the biggest business stories last week were Netflix and Meta’s quarterly earnings. The numbers were striking: NFLX profits hit $1.6 billion (up 20% from a year earlier) and the platform added 9 million new subscribers. Meanwhile, the company is raising prices. Over at Meta, revenue increased 24% and costs declined 7%, resulting in a doubling in profits. For this post though, I’ll focus on Netflix, as its management has better hair, and they’re not mendacious fucks.A year ago, Netflix was losing 1 million subscribers per quarter and had shed 75% of its...…Despite receiving scant coverage, the biggest business stories last week were Netflix and Meta’s quarterly earnings. The numbers were striking: NFLX profits hit $1.6 billion (up 20% from a year earlier) and the platform added 9 million new subscribers. Meanwhile, the company is raising prices. Over at Meta, revenue increased 24% and costs declined 7%, resulting in a doubling in profits. For this post though, I’ll focus on Netflix, as its management has better hair, and they’re not mendacious fucks.A year ago, Netflix was losing 1 million subscribers per quarter and had shed 75% of its...WW…

Things you buy through our links may earn New York a commission.Intelligencer’s Jebediah Reed spoke to Scott Galloway, a host of the New York and Vox Media podcasts and , respectively, about the transformation of the economy.One of the most valuable living artists is a guy who makes GIFs. A . Meanwhile — in the midst of a once-in-a-century pandemic and an economic crisis — the stock market only goes up. Are these isolated things or part of something bigger?I think it all comes back to one central theme: income inequality. Capitalism is sort of this gangster construct that leverages a...…Things you buy through our links may earn New York a commission.Intelligencer’s Jebediah Reed spoke to Scott Galloway, a host of the New York and Vox Media podcasts and , respectively, about the transformation of the economy.One of the most valuable living artists is a guy who makes GIFs. A . Meanwhile — in the midst of a once-in-a-century pandemic and an economic crisis — the stock market only goes up. Are these isolated things or part of something bigger?I think it all comes back to one central theme: income inequality. Capitalism is sort of this gangster construct that leverages a...WW…

Things you buy through our links may earn New York a commission.The political philosopher Hannah Arendt, analyzing the fall of democratic Germany to the Nazis, observed that totalitarianism comes to power through a “temporary alliance between the elite and the mob.” Seventy years ahead of her time, she couldn’t have articulated a more apt description of Twitter, Inc. The company has become a primary platform for just such an alliance: totalitarianism, but with stock options.The stock isn’t even worth that much, relatively speaking. On the day of Twitter’s initial public offering, in 2013,...…Things you buy through our links may earn New York a commission.The political philosopher Hannah Arendt, analyzing the fall of democratic Germany to the Nazis, observed that totalitarianism comes to power through a “temporary alliance between the elite and the mob.” Seventy years ahead of her time, she couldn’t have articulated a more apt description of Twitter, Inc. The company has become a primary platform for just such an alliance: totalitarianism, but with stock options.The stock isn’t even worth that much, relatively speaking. On the day of Twitter’s initial public offering, in 2013,...WW…

The words "Business Insider".Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.America's involvement in WWII lasted three years and nine months, and 405,399 Americans perished ( per day). US forces have been fighting in Afghanistan for 19 years, and we've lost 2,285 service members (one every three days). In WWII, almost a third of fruits and vegetables were harvested from "Victory Gardens" planted in people's backyards. You couldn't find chocolate or nylons. Diapers and food staples were rationed, and you could be kicked off a plane...…The words "Business Insider".Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.America's involvement in WWII lasted three years and nine months, and 405,399 Americans perished ( per day). US forces have been fighting in Afghanistan for 19 years, and we've lost 2,285 service members (one every three days). In WWII, almost a third of fruits and vegetables were harvested from "Victory Gardens" planted in people's backyards. You couldn't find chocolate or nylons. Diapers and food staples were rationed, and you could be kicked off a plane...WW…

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.An icon in the shape of a person's head and shoulders. It often indicates a user profile.Redeem nowGet a daily selection of our top stories based on your reading preferences.Something is loading.We witness border skirmishes between big tech firms on a regular basis. This year, one or more will erupt into a shooting war. Just as most wars are not a function of ideology but economics, the armies of search, handsets, and  will begin landing paratroopers behind enemy lines and...…Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.An icon in the shape of a person's head and shoulders. It often indicates a user profile.Redeem nowGet a daily selection of our top stories based on your reading preferences.Something is loading.We witness border skirmishes between big tech firms on a regular basis. This year, one or more will erupt into a shooting war. Just as most wars are not a function of ideology but economics, the armies of search, handsets, and  will begin landing paratroopers behind enemy lines and...WW…