After raising rates, Netflix reports first-ever drop in U.S. subscribers

Netflix stock fell more than 10 percent after the market closed Wednesday, following the company’s announcement that for the first time since launching its digital service eight years ago, it saw a drop in U.S. subscribers. In the second quarter, Netflix lost 126,000 paid U.S. subscribers, and also only added 2.7 million subscribers worldwide, far below the five million investors expected. With its hit show Stranger Things now streaming new episodes, Netflix expects to add more than seven million subscribers during the current quarter. Now, there are more than 60 million U.S. subscribers. The market is getting more and more crowded, with Disney Plus and HBO Max set to enter… Read More

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THE PAYMENTS FORECAST BOOK 2019: 22 forecasts of the global payments industry’s most impactful trends — and what’s driving them

This is a preview of THE PAYMENTS FORECAST BOOK 2019 research report from Business Insider Intelligence. 14-Day Risk Free Trial: Get full access to this and all Payments industry research reports. As cash usage declines slowly worldwide, the digital payments ecosystem is swelling around the globe: Noncash transactions are poised to exceed 1 trillion for the first time in 2023, driven by increased card penetration, wider access to mobile phones, and more access to payments infrastructure. In emerging markets, these changes will be driven by Asia, which remains at the helm of digital transformation in payments as customers in major markets like China, India, and Southeast Asia flock to wallets… Read More

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R29 Readers Must-Cart Finds From Nordstrom’s Anniversary Sale

July is a scuba dive into the deep sea of sales. Post Prime Day, our shopping tanks are running on empty and we’re ready to come up for air — but, just as we start to surface, another lure of irresistible deals floats in to hook us: a big kahuna called Nordstrom’s Anniversary Sale. The annual event kicks off this Friday, July 19 with major cross-category discounts on premium brands that not even our spent bank accounts can resist. Before you take a shopping reprieve, join us for one final dive into the most wanted Nordstrom scores. We tapped R29 readers’ cart data from last year’s sale to craft a… Read More

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Prosecutors Drop Sexual Assault Charges Against Kevin Spacey

Watch Video Massachusetts prosecutors dropped a sexual assault charge against actor Kevin Spacey on Wednesday. Spacey was charged with indecent assault and battery for allegedly groping an 18-year-old busboy at a Nantucket bar in 2016. The Cape and Islands District Attorney said the decision to drop the case – which, the actor pleaded not guilty to – was made “due to the unavailability of the complaining witness.” In June, Spacey’s defense team requested to examine the accuser’s phone, claiming text messages were deleted from the night of the incident, that could have proved Spacey’s innocence. The judge ordered the phone be given to the defense, but the accuser’s lawyer said… Read More

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