For two years, Netflix subscribers have been able to download tons of mobile games, all included for free with their subscription.
Netflix has developed more than 75 mobile games, boasting popular IPs like Grand Theft Auto, Love is Blind, Monument Valley, and Oxenfree, among many others.
Now, Netflix could potentially be exploring ways to generate revenue from its gaming business, a recent report suggests.
These methods are common (and effective) in the mobile gaming world, with consumers expected to spend $111.4 billion on mobile games in 2024.
Netflix appeared to shut down the idea of ads and in-game payments during an earnings call in April 2023.
TikTok is looking to grow the size of its TikTok Shop U.S. business tenfold to as much as $17.5 billion this year, according to a new report from Bloomberg.
As Bloomberg previously reported, TikTok was on track to amass around $20 billion in global gross merchandise value last year.
In addition, the report says the company is planning to launch TikTok Shop in Latin America in the coming months.
The report indicates that during the Black Friday and Cyber Monday season in November, more than 5 million new U.S. customers purchased something via TikTok Shop.
TikTok Shop has also started to reduce some subsidies for merchants.
Log4j, maybe more than any other recent security issue in recent years, thrust software supply chain security into the limelight, with even the White House weighing in.
Some of those may be in libraries that aren’t even used when the container is in production, but they are vulnerabilities nevertheless.
According to Slim.ai‘s latest Container Report, the average organization now deploys well over 50 containers from their vendors every month (and almost 10% deploy more than 250).
Yet only 12% of the security leaders who responded to Slim.ai’s survey said they were able to achieve their own vulnerability remediation goals.
Most companies see some disruptions multiple times a week because they detect a vulnerability in a production container, for example.
Crypto losses declined over 50% in 2023 Hackers and scammers laid back on the weekends, CertiK report findsWhile hackers continue to hack the crypto industry for a cash grab, the dollar amount is down substantially compared to the previous year.
The total amount “lost” during 2023 from security incidents was almost $2 billion, down 51% from 2022, according to security-focused CertiK’s annual 2023 web3 security report.
The report defines losses in this context as the value of digital assets stolen by malicious actors.
During the past year, 10 incidents, including the $200 million Mixin Network and $197 million Euler Finance hacks, accounted for $1.11 billion of losses.
One bit that wasn’t featured in the report is that there was a “marked decline” in hacks and scams over the weekends during 2023.
Apple’s warnings in late October that Indian journalists and opposition figures may have been targeted by state-sponsored attacks prompted a forceful counterattack from Prime Minister Narendra Modi’s government.
Behind closed doors, senior officials from Modi’s administration went further, demanding Apple soften the political impact of the warnings, Washington Post reports.
Senior officials summoned Apple representatives to insist they provide alternative explanations, even flying in an Apple security expert to meet with ministry leaders, the report adds.
For Apple, maintaining its commitment to user security took priority over risks to its growing India business.
Apple, which opened two official stores in India this year, plans to move 25% of iPhone production to India by 2025, according to JP Morgan analysts.
Black founders in the UK are also seeing the impact of venture’s winter year.
That would put 2023 behind 2022, when such founders raised 1.02% ($316 million of $30.88 billion), and 2021, when Black founders were allocated 1.13% ($454 million out of $40.03 billion) of all venture investment in the country.
The downward trend in the share of investment allocated to Black founders most likely stems from the venture downturn of these past two years.
For example, Black founders in the U.K. raised only 0.28% of venture funds in 2019, 0.23% in 2018, and 0.38% in 2017.
Per Extend Ventures, between 2009 and 2019, only 38 Black founders were able to raise venture funding at all in the country; that number now stands at 80.
Peer-to-peer carsharing company Getaround has filed its first earnings report since going public a year ago via a SPAC combination.
The company’s third-quarter earnings report details a company seeing quick revenue growth, but not enough top line yet to cover its expenses.
In the third quarter, the company lost $27.3 million on a net GAAP basis, 16% better than what it reported in Q3 2022.
The company didn’t share its revenue goals for the year, but its Q3 revenues reflect an annualized run-rate of over $95 million.
The company did not file its 2022 annual report, and has only just filed its third-quarter earnings report.
What X needs most now is for Snap to post a solid Q4Not a day goes by without some drama involving Twitter X.
According to a recent report by Bloomberg, X’s ad revenue is expected to fall to $2.5 billion in 2023, and X is disputing the news, calling it incomplete.
Still, the report’s numbers line up neatly with what X’s owner said earlier this summer.
We’ll also revisit our previous look at Snap, another social network that is close-ish to X in scale and worth, to compare the two companies.
The question today is whether or not X’s revenues and valuation square up, so let’s dive in!
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