A new report from Piper Sandler finds YouTube (GOOGL, GOOG) has overtaken Netflix (NFLX) as the top daily video platform for teens. The research shows teens now spend 29% of their daily video time on YouTube, with Netflix falling 200 basis points. Yahoo Finance's Alexandra Canal, Josh Schafer and Pras Subramanian analyze potential factors behind this shift, suggesting Netflix cracking down on password sharing and YouTube emerging as the central hub for creator content and podcasts may be driving more teen engagement. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
A new report from Piper Sandler finds YouTube (GOOGL, GOOG) has overtaken Netflix (NFLX) as the top daily video platform for teens. The research shows teens now spend 29% of their daily video time on YouTube, with Netflix falling 200 basis points.
Yahoo Finance's Alexandra Canal, Josh Schafer and Pras Subramanian analyze potential factors behind this shift, suggesting Netflix cracking down on password sharing and YouTube emerging as the central hub for creator content and podcasts may be driving more teen engagement.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Reuters
Netflix said on Monday it is ending its free mobile plan in Kenya, which has allowed users to access a quarter of its shows and movies without paying over the past two years. It did not say how many subscribers it had added as a result of the scheme, designed to help recruit new paying users. "We definitely learnt a lot from the test," a Netflix spokesperson told Reuters, without giving details.
Bloomberg
(Bloomberg) -- Posts about the attack in Israel have led to confusion, misinformation and conflict on Elon Musk’s X, formerly known as Twitter, exposing how his acquisition and policy changes have transformed the social media site into an unreliable resource during a time of crisis, researchers said.Most Read from BloombergIsrael Latest: Top US General Warns Iran to Stay Out of ConflictIsrael Latest: Artillery, Mortars Respond to Launches From SyriaHamas Got Around Israel’s Surveillance Prowess
The Wall Street Journal
Mary Daly, president of the San Francisco Federal Reserve, tells us that the run-up in bond yields means the need for another interest-rate hike is “diminished.” Then, we’re flying into **Delta**’s earnings report, also expected this week, with analyst Sheila Kahyaoglu, who covers the stock for the investment bank Jefferies.
The Wall Street Journal
Palestinian militants attacked a music festival in southern Israel over the weekend, leaving [more than 250 people dead](https://www.wsj.com/livecoverage/israel-hamas-gaza-rockets-attack-palestinians/card/hamas-turned-an-israeli-music-festival-into-a-massacre-elAWZjQKmgJISVNuEDzi). About 3,000 revelers were still awake around 6:30 a.m. Saturday when sirens wailed, cutting off the psy-trance music pulsing in a desert field near the Gaza border. It was one of the first signs of the Hamas attack that would soon overwhelm Israel.
TechCrunch
Canopy is a new peer-to-peer social networking app for content creators to connect, crowdsource information and, for lack of a better term, “spill the tea.” Canopy hopes that the program will help “build critical mass on the platform in our core content niches: beauty, fashion and lifestyle,” Ayomi Samaraweera, Canopy founder and CEO, told TechCrunch. To get early access, creators can sign up on Canopy’s website.
Reuters
LOS ANGELES (Reuters) -Members of the Writers Guild of America (WGA) approved a new three-year contract with major studios on Monday, five months after the union called a strike that plunged Hollywood's film and television production into turmoil. "Together we were able to accomplish what many said was impossible only six months ago," WGA West President Meredith Stiehm said in a statement. The vote does not end labor tensions in Hollywood.
AP Finance
Hollywood writers have voted almost unanimously to approve the contract agreement reached by their union leaders that ended a strike after nearly five months, while actors remain in negotiations to find a way out of their own strike. The Writers Guild of America announced Monday that 99% of the 8,525 members who cast ballots voted to ratify the deal. The result of the vote taken over the past week was never really in doubt.
TechCrunch
Open source and decentralized social network Mastodon has more users than it thought. The service, which competes with X (formerly Twitter) and other newcomers like Threads, Bluesky, Pebble and Spill, had been undercounting its users due to a network connectivity error, according to founder and CEO Eugen Rochko, and actually has 407,814 more monthly active users than it had been reporting previously. The issue was impacting the metrics reported on Mastodon's statistics aggregator on its joinmastodon.org/servers page, which had been undercounting users between October 2 and October 8.
TipRanks
The September jobs report exceeded expectations with the addition of 336,000 jobs last month, nearly double the amount anticipated on Wall Street. Add that ‘goldilocks’ figure to minimal wage inflation, and the scene is set for a soft landing for the economy, says Wedbush’s Daniel Ives, a 5-star analyst rated in the top 2% of the Street’s stock pros. This, in turn, is great news for the tech sector. In fact, with earnings season about to kick off, Ives thinks Wall Street is poised to be caught o
Reuters
HELSINKI (Reuters) -A subsea gas pipeline and a telecommunications cable connecting Finland and Estonia under the Baltic Sea have been damaged in what may have been a deliberate act, the Finnish government said on Tuesday. Finland joined the military alliance in April, while Estonia has been a member since 2004. The Balticconnector gas pipeline was shut early on Sunday on concerns that gas was leaking from a hole in the 77-km (48-mile) pipeline.
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