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Avatar for Allison McDaniel

Netflix blames 100M users without paid accounts for revenue and subscriber drop

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In a note to shareholders, Netflix reports that its revenue growth has “slowed considerably”. This news comes after losing 200,000 subscribers last quarter and potentially two million this current quarter. The streaming giant is navigating fierce competition with other services as well as having over 40% of its user base being unpaid subscribers. 

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Meta wants half your metaverse revenue as it decries Apple’s 30% App Store cut

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Meta, the parent company of Facebook, is taking a cut of up to 47.5% on digital assets sold within its virtual reality platform, Horizon Worlds. Horizon Worlds is a free VR game that lets users build and explore virtual worlds. While it’s all part of Meta’s plan for creating its virtual “metaverse,” it comes at a cost to creators.  

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