Netflix rocked by subscriber loss, may offer cheaper ad-supported plans

Netflix Inc said inflation, the war in Ukraine and fierce competition contributed to a loss of subscribers for the first time in more than a decade and predicted deeper losses ahead, marking an abrupt shift in fortune for a streaming company that thrived during the pandemic. The company said it lost 200,000 subscribers in its … Read more

Uniqlo owner stays put in Russia as Netflix, AMEX, and others sever ties

‘Clothing is a necessity of life. The people of Russia have the same right to live as we do,’ says Fast Retailing CEO Tadashi Yanai, adding that every country should oppose war Uniqlo owner Fast Retailing will keep its stores in Russia open, joining a small group of international firms that are staying put even … Read more