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Netflix's Reed Hastings steps down; Twitter bans all third-party apps
The Daily Top 7 News and Trends
The NextBigWhat newsletter brings you curated and summarized business and tech news every day.
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Here are today’s Top 7 news: 👇
1. Twitter bans all third-party apps
A new clause in the developer agreement bans the creation of any substitute or similar service or product to the Twitter Applications.
All popular Twitter clients such as Tweetbot and Twitterrific are no longer working.
The Twitter users that depended on these apps will now need to use the official Twitter app or the Twitter experiences on the web.
2. Rajeev Chandrasekhar willing to alter IT rules if it affects media’s work
Rajeev Chandrasekhar, Minister of State, is willing to change IT rules if it affects media’s work.
Fact-checking mechanism via the Press Information Bureau (PIB) is meant to identify misinformation online.
3. December sees 40% decrease in IT staff’s salary increase expectations
Attrition has decreased from 25-30% last year to about 20% in the December quarter.
The lag in salary hikes is likely to help companies improve operating margins. Operating margins have been under pressure due to the high cost of talent.
4. Reed Hastings steps down as Netflix CEO as company posts subscriber gains
Netflix Inc co-founder Reed Hastings announced on Thursday he will step down as chief executive, handing the reins of the streaming service to his longtime partner and co-CEO, Ted Sarandos, and the company’s chief operating officer, Greg Peters.
Shares of the company, which had fallen nearly 38% in the past year, rose 7.9% to $340.66 in after-hours trading.
5. Netflix to expand crackdown on password sharing in Q1 2023
Netflix announces plans to roll out paid sharing “more broadly” in the first quarter of 2023.
This will be an expansion of their crackdown on Netflix accounts that are shared between multiple households.
Netflix anticipates “some cancel reaction” in each market where paid sharing is introduced.
6. Google to cooperate with Indian authorities after losing Android antitrust ruling bid
Google will continue to challenge the Indian antitrust watchdog's ruling but will cooperate with the authorities "on the way forward."
Google has also been ordered to allow removal of all its apps from phones and give smartphone users the ability to change their search engine provider.
7. T-Mobile says hacker accessed personal data of 37 million customers
T-Mobile revealed that a hacker accessed a trove of personal data belonging to 37 million customers.
The telecom giant said that the "bad actor" started stealing the data, which includes "name, billing address, email, phone number, date of birth, and information such as the number of lines
T-Mobile was hacked 8 times in 8 years. The most recent incident was in 2022
Forty percent of global CEOs believe that if their company continues on its current path, it will be economically unviable in ten years.
Read the report summary on NextBigWhat.
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