Consumer Web/Social Media
Netflix Likely to Raise Prices in the US After Ad-Supported Tier's Success in Driving 50% of New Subscribers
Netflix's ad-supported tier boosted subscriber growth, increasing market value by $18 billion and shares by 6%.
AI Startup Writer Debuts New Model Using Synthetic Data to Compete With OpenAI and Anthropic
Writer aims to compete with OpenAI and Anthropic by using a cost-effective approach, spending only $700,000 to develop models and raising $200 million to reach a $1.9 billion valuation.
X to Be Banned in Brazil After Missing Deadline for New Legal Representative
Elon Musk's X is likely to be blocked in Brazil after missing a deadline to appoint a new legal representative, escalating a dispute with local authorities over compliance with regulations.
Mark Zuckerberg Accuses Biden Admin of Pressuring Meta to Censor COVID-19 Content
Meta CEO Mark Zuckerberg revealed that Biden administration officials pressured his company to censor COVID-19 content and admitted in a letter to Congress that some content removal decisions were incorrect.