This infographic lists 10 of the longest range EVs currently for sale in the U.S. in 2023. The Lucid Air takes first place at 516 miles. |
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How free are people to control their own labor, property, and finances? This map reveals the state of economic freedom globally. |
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This graphic visualizes the market capitalizations of the 15 largest semiconductor companies in the U.S., including Nvidia, AMD, and Intel. |
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Which countries have the highest military spend relative to their economy? This visual breaks down the amount spent in each country by GDP. |
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Asset classes vary widely by returns so far in 2023. Which ones are the best-performing, and is a bull market on the horizon? |
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| Twitter's new CEO, Linda Yaccarino, aims to make Twitter the "most accurate real-time information source" and transform it into an open dialogue town square, according to her first employee memo. Yaccarino, a former NBCUniversal advertising executive, became CEO last week, replacing Elon Musk.. More: - Yaccarino's memo outlines her vision for "Twitter 2.0" and her aim to turn the platform into a "global town square," aligning with Musk's previous remarks.
- She stressed the need for a "transformation" of the town square to drive civilization forward through an unfiltered exchange of information.
- Yaccarino praised Musk for his impact on industries like space exploration and electric vehicles.
- Musk, who bought the platform for $44B in October, will continue to lead Twitter as executive chair and CTO, overseeing product, software, and system operations
Zoom out: - Within the first 25 days of Musk leading Twitter, half of the top 100 accounts left the platform.
- Revenue in December 2022 reportedly saw a 40% year-over-year decline.
- Musk said that most advertisers that left have returned. However, leaked internal documents obtained by The New York Times revealed a 59% annual drop in ad revenue for a recent five-week period, suggesting Yaccarino faces a challenging task ahead.
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| | The news: Nothing, the consumer tech startup led by Oppo co-founder Carl Pei, is set to reveal its second smartphone on July 11. Why it matters: The Phone (2) will be the first Nothing smartphone to reach the U.S. without limited beta programs or imports. Nothing, based in London, has recognized the U.S. as its top priority market per Pei. Quotable: Though it never got an official U.S. release, Nothing's Phone (1) "successfully entered the smartphone market and proved that there was an appetite for such a new alternative, especially among younger users," Pei said. Brands that should care: With the launch of the Phone (2), Nothing aims to provide American consumers with an alternative to iPhones, which currently dominate in the U.S. To back this up, Nothing claims high iOS to Android switch rates. However, Nothing will face a significant challenge in the highly competitive U.S. market, where Apple and Samsung hold the reins, while Google, Motorola, and Oppo's partner OnePlus lag noticeably far behind. 
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| | Hey Insiders, Today we look at the data behind Netflix's surge in new subscribers, Amazon Prime streaming's plans for an ad-supported tier, and Instagram's new Twitter-like app. We've also included a few charts in today's issue. Let us know what you think by hitting reply or visiting our Inside Tech community page. Beth
p/beth-duckett |
| 1 | Netflix has seen a surge in sign-ups following its recent password sharing crackdown in the U.S. According to analytics firm Antenna, Netflix in late May had the four single biggest days of U.S. sign-ups since it started tracking the data over four years ago. More: - On May 23, Netflix began notifying users about the new policy, which limits accounts to a single subscriber and people in their household.
- The streaming service saw the largest four days of user acquisition ever recorded by Antenna, with nearly 100,000 daily sign-ups on May 26 and May 27.
- The average daily sign-ups during the period reached 73,000, which is 102% higher than the previous 60-day average.
- Since May 23, the ratio of sign-ups to cancels is up 25.6% compared to the past 60 days, according to Antenna.
Zoom out: - For those sharing accounts, Netflix offers two options: transferring outside profiles to a new paid membership, or adding an extra outside member to a household for $7.99/month.
- The crackdown is expected to add $1.6B in revenue per year in new subscriptions for Netflix.
Source: Antenna |     |
| 2 | The news: Amazon is reportedly planning to launch an ad-supported tier for its Prime Video streaming service, joining the likes of Netflix and Disney, according to the WSJ. Background: Amazon is in the early stages of discussions, so details on pricing and launch date are not yet available. Prime Video is part of Amazon Prime, which costs $15 per month or $139 per year, or can be subscribed to separately for $9 per month. Amazon already has ad-supported streaming experience with Amazon Freevee (previously IMDb TV), a free streaming service supported by limited ads. What the numbers say: Netflix has seen relative success with its own ad-supported tier, which gained almost 5 million monthly active users within six months of its launch. Over 25% of new signups in eligible countries opt for the ad-supported option, according to co-CEO Greg Peters. Why it matters: By introducing an ad-supported subscription option, Amazon aims to attract more subscribers and compete with rivals. The tier could boost Amazon's revenue as the streaming industry experiences a slowdown in new sign-ups. According to Insider Intelligence, Amazon is the third-largest player in digital ad revenue in the U.S., trailing Google and Meta. Amazon generated $9.5B in ad services revenue last quarter, up 21% YoY. 
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| | | | Meta has showcased a standalone Instagram app, which is set to rival Twitter. The text-based app for conversations was unveiled to employees during an all-hands meeting by Chief Product Officer Chris Cox, who positioned it as Meta's response to Twitter. More: - The app, which combines elements of Instagram and Twitter, allows users to sign in using their Instagram credentials.
- It auto-transfers a user's followers, handle, bio, and verification to the new app.
- A decentralized app, it reportedly has a central feed where users can share text posts of up to 500 characters, along with links, photos, and videos.
- The platform, internally codenamed P92, is currently being tested among influencers and creators.
- Meta, Instagram's owner, is in discussions with high-profile figures, such as Oprah Winfrey and the Dalai Lama, to use the app, according to Cox.
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| | Apollo, Reddit's top third-party app, is shutting down due to new Application Programming Interface (API) fees imposed by the platform. Developer Christian Selig confirmed that Apollo for Reddit will cease to exist by the end of this month. More: - In April, Reddit announced it would charge companies to use its API while keeping it free for developers creating user-assisting apps, bots, and non-commercial academic research.
- To avoid charges, Selig said he will delete Apollo's API token on the evening of June 30, PST.
- Selig revealed that the API cost per user exceeds the premium plan price paid by users of his freemium app.
- To operate the app, he estimates he would have to pay over $20M a year.
- Apollo has 900,000 active daily users, while mobile app analytics firm Data.ai estimates global downloads of Apollo for Reddit at 5 million.
Zoom out: - As a result of the shutdown, some Reddit users said they will no longer use the platform.
- Some Reddit communities, including r/gaming and r/todayilearned, plan to block posts or go dark on June 12 to protest the API charges.
- Reddit declined to comment in reports but said CEO Steve Huffman will host an AMA (Ask Me Anything) on Friday covering the API updates.
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