🏠 Adam Neumann Gets a New Backer

Plus: Streaming Services Deal With Growing Number of Subscribers Who 'Watch, Cancel and Go', Snap says Snapchat+ now has 1 million subscribers, and more…

Aug 16, 2022

Today’s pick

Adam Neumann Gets a New Backer. Adam Neumann, the founder of WeWork, whose spectacular rise and fall has been chronicled in books, documentaries and a scripted television series, has a new venture — and a surprising backer. Neumann's new company Flow wants to transform the… (Andrew Ross Sorkin / The New York Times)

Andrew Ross Sorkin @andrewrsorkin

"Andreessen Horowitz is investing about $350 million in Flow....the largest individual check Andreesen Horowitz has ever written in a round of funding to a company, values Flow at more than $1 billion before it even officially opens its doors."

nytimes.comAdam Neumann Gets a New BackerWeWork’s founder is back with a billion-dollar venture.

Streaming Services Deal With Growing Number of Subscribers Who 'Watch, Cancel and Go'. Streaming Services Deal With Growing Number of Subscribers Who ‘Watch, Cancel and Go’ Nearly one-fifth of subscribers to premium services such as Netflix, Hulu and HBO Max canceled three or more subscriptions in the two years up to June, new data show. (Sarah Krouse / Wall Street Journal)

Amol Sharma @asharma

Nearly one-fifth of streaming subscribers are “serial” cancelers, a big problem for Netflix, HBO Max and others. “It’s like a diet, you know—you take a couple calories off here and there…why give them money if I’m not watching?”⁦@bysarahkrouse⁩

wsj.comStreaming Services Deal With More Subscribers Who ‘Watch, Cancel and Go’Nearly one-fifth of subscribers to premium services such as Netflix, Hulu and HBO Max canceled three or more subscriptions in the two years up to June, new data show.

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Snap says Snapchat+ now has 1 million subscribers, introduces new features. Snap said today that the company's paid subscription plan Snapchat+, which launched in June, now has more than 1 million users across the globe. The firm also introduced new features like priority replies to celebrities, new post view emoji… (Ivan Mehta / TechCrunch)

TechCrunch @TechCrunch

Snap says Snapchat+ now has 1 million subscribers, introduces new features tcrn.ch/3bSWgiO by @IndianIdle

tcrn.chSnapchat+ now has 1M subscribers, introduces new features – TechCrunchSince its launch, Snap has introduced new features for Snapchat+ subscribers, like access to Snapchat for Web on its way to 1 million paid subscriptions.

Apple Lays Off Recruiters as Part of Its Slowdown in Hiring. Apple Inc. laid off many of its contract-based recruiters in the past week, part of a push to rein in the tech giant's hiring and spending, according to people with knowledge of the matter. About 100 contract workers were let go in a rare move for… (Mark Gurman / Bloomberg)

Mark Gurman @markgurman

New story: Apple is laying off contract recruiters in a rare move as part of its hiring and spending slowdown.

bloomberg.comBloomberg - Are you a robot?

Signal says 1,900 users' phone numbers exposed by Twilio breach. End-to-end encrypted messaging app Signal says attackers accessed the phone numbers and SMS verification codes for almost 2,000 users as part of the breach at communications giant Twilio last week. Twilio, which provides phone number verification… (Carly Page / TechCrunch)