Netflix’s 6.5M India subscribers dwarfed by Prime Video and Disney, Bernstein says
Netflix has “not succeeded” in scaling up its business in India despite the global streaming giant consistently lowering the subscription costs in the country, analysts at AllianceBernstein wrote in a report to clients Thursday. The U.S. streamer has about 6.5 million subscribers in India, compared to Prime Video’s 20 million
Read more‘Marked to zero’: Paradigm testimony at SBF trial points to investor fraud
The testimony of Matt Huang, co-founder and managing partner of crypto investment firm Paradigm, at Sam Bankman-Fried’s trial may help the prosecution convince jurors that the former crypto mogul defrauded investors. Huang testified Thursday that he and his firm were in the dark about a range of business practices at
Read moreWas Sam Bankman-Fried’s bean bag chair a lie too?
Choose your college roommates carefully... | Photo illustration by Cath Virginia / The Verge | Photo by Drew Angerer, Getty Images Two of Bankman-Fried’s MIT roommates make a damning case for the prosecution. The difficult part of a fraud case is usually establishing a defendant knowingly lied — unless, apparently,
Read moreAll eyes on VW after Hyundai, Kia adopt Tesla charging standard
Hyundai and Kia have finally announced their plans to adopt Tesla’s North American Charging Standard (NACS) ports for their electric vehicles in the U.S. and Canada, joining the swells of automakers that have also promised to do so. The move will give Hyundai and Kia drivers — as well as
Read moreSony confirms server security breaches that exposed employee data
Illustration by Kristen Radtke / The Verge Sony is sending out notices to some current and former Sony Interactive Entertainment (SIE) employees warning that their personal information was compromised in a system breach that occurred in May. The letters went out to about 6,800 affected individuals, as reported by Bleeping
Read morea16z-backed Castelion wants to mass produce defense hardware, starting with hypersonics
One builds weapons in hopes that they are not used. Thus goes the central premise of deterrence theory, which says it is the credible threat of aggression — not the use of aggression — that will ensure states avoid war. This theory has dominated much of America’s strategic thinking over
Read moreAlameda had a $65B line of credit and ‘unlimited withdrawals’
Alameda's "unlimited funds" came from FTX customers, the crytpo exchange's co-founder says on the stand.
Read moreHacked phone spyware shuts down… again
A short-lived spyware operation called Oospy, which emerged earlier this year after its predecessor Spyhide was hacked, is no longer operational and has shut down. Oospy appeared online in late July as a rebrand of a phone monitoring app called Spyhide, which was facilitating the surveillance of tens of thousands
Read moreSEC to compel Elon Musk’s testimony in Twitter stock purchase probe
The U.S. Securities and Exchange Commission will try to force Elon Musk to testify over his Twitter stock purchases. The federal agency charged with regulating securities markets is currently investigating Musk for allegedly violating securities laws when he bought Twitter shares before buying the social media platform, which he has
Read moreIntel highlights the ‘siliconomy’ at its Innovation conference
At its Innovation developer’s conference last month, Intel chief executive officer (CEO) Pat Gelsinger highlighted how what he calls the “siliconomy” is being fuelled by artificial intelligence (AI), and how the combination of silicon and software in Intel platforms serves users and developers. “As these advances as semiconductors enable new
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