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Netflix finally told investors what they wanted to hear. Now comes the most difficult stage.

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Netflix finally told investors what they wanted to hear.  Now comes the most difficult stage.

Not so long ago, the Wall Street stock market was stunned by such gloomy news from Netflix: between April and June the company lost 970,000 subscribers.

But investors are not embarrassed by the number of customers who have dropped out of the service. In fact, they are even happy.

What’s happening: Netflix (NFLX) shares rose more than 6% versus the stock market on Wednesday after the company reported its latest results. Will the reasoning be linear? It could have been much worse.

“It was a quarter where ‘the less bad news, the better,'” analysts say. Individual investment group in a note to customers.

Netflix is ​​struggling to shape its curve in the market – the company’s stock has fallen 62% in the past 12 months.

What’s happening: Netflix has already lowered expectations as much as possible. it is predicted to lose 2 million subscribers in the last quarter after losing 200,000 in the first three months of the year. This made room for surprise, unexpectedly, on the positive side.

“We are talking about a loss of 1 million, not a loss of 2 million,” President Reed Hastings said in a statement to analysts. “So our enthusiasm is overshadowed by less bad results.”

The biggest loss of Netflix subscribers came in its biggest market, the US and Canada, where the streaming service confirmed it lost 1.3 million users in the second quarter.

This was offset by an increase in subscriptions elsewhere, indicating that the company’s investment in foreign language programming is paying off. The release of the fourth season of the popular series “Stranger Things” also gave impetus.

Future Prospects: Netflix still has a lot of work to do to reassure investors that the company is on the right track. To date, its shares have fallen nearly 67%. Shares of other tech companies such as Alphabet, which controls Google, and Facebook Meta were down 21% and 48%, respectively. The S&P 500 is down 17%.

This will lead to major business changes. Netflix has partnered with Microsoft to create a new ad-supported, cheaper option in a bid to win over customers who are more worried about their spending when inflation tightens. Its release is expected early next year.

Furthermore, also trying to stop password sharing. The company estimates that 100 million households use Netflix but don’t pay for the service directly.

“We know this will mean a change for our associate members,” he told shareholders. “Our goal is to find an easy-to-use paid exchange offer that we think will work well for our members and for offers we can launch in 2023.”

Rich Greenfield, an analyst at LightShed Partners, believes Netflix’s move to advertising could be a success.

“Netflix advertising opportunities are real and directly related to the amount of time spent on this streaming service compared to all other services,” he added in his Twitter post.

But projecting this big change will not be easy. Netflix’s entry into the advertising space will not be easy. Competition for viewers among streaming services is tough. And if a large group of subscribers choose the cheapest version to save money, it will reduce revenue even if new users subscribe.

“We urge caution in the belief that Netflix can use ads to increase revenue out of thin air,” Bank of America analysts said in a report released late last month. “The advertising ecosystem is big, complex, expensive, and their ad-using competitors have a long-term advantage over them.”

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Economy

Everything has been delivered. 10 Bugatti Centodieci are already in the hands of the owners

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Everything has been delivered.  10 Bugatti Centodieci are already in the hands of the owners

OAll Bugatti Centodieci have been delivered, the Molsheim-based brand said on Monday. Cristiano Ronaldo received the number 07 in October this year. and Bugatti has now revealed that the latest unit – #10 – is already in the possession of its owner.

“The Centodieci combines all the values ​​of the Bugatti brand in an extraordinary package: rarity, innovation, heritage, craftsmanship and unrivaled performance. The production batch of 10 units was so in demand by our customers that it was sold before the Centodieci. was even officially presented,” said Christophe Piochon, president of Bugatti.

This latest example is finished in Quartz White with carbon fiber trim on the bottom and matte grilles. The brake calipers are painted in Light Blue Sport, as is the logo on the rear that refers to the EB110, the iconic Bugatti model that inspired this Centodieci. Inside, the predominant color is also blue, as you can see in the images above.

This block is powered by the same block as the other nine instances. The 8.0-liter W16 with four turbines is capable of developing 1600 hp. In terms of performance, this allows the Centodieci to hit 100 km/h in just 2.4 seconds and reach a top speed of 380 km/h.

Recall that each unit costs the owners eight million euros before taxes.

Read also: We already know when the Bugatti Centodieci fell into the hands of Ronaldo.

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Economy

The first Dacia hybrid. “The cheapest hybrid family on the market”

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The first Dacia hybrid.  "The cheapest hybrid family on the market"

BUT Dacia revealed this Monday that the hybrid engine has been available since March on the Jogger, the Romanian brand’s model known to be available with a seven-seat variant.

The Jogger Hybrid 140, Dacia’s first hybrid, will hit dealerships in March, but customers can expect and order it as early as January.

The price has been revealed by Dacia and since it’s only available in the seven-seater SL Extreme, it starts at €28,800. The brand claims it is “the most affordable hybrid family car on the market.”

Available in six existing colors to celebrate the launch of this hybrid, there will be a slate gray version, as you can see in the images above.

Equipped with a 1.6 liter four-cylinder petrol engine with 90 hp, the Jogger is also powered by two electric motors (a 50 hp engine and a high-voltage starter-generator). The total power is 140 horsepower. The electric transmission is automatic, four-speed, connected to an internal combustion engine, and two speeds are connected to an electric motor. This combined technology was possible, according to Dacia, only due to the lack of clutch.

Combined with the energy recovery levels of the 1.2kWh (230V) battery pack and the efficiency of the automatic transmission, regenerative braking delivers all-electric traction on 80% of urban journeys and saves up to 40% of fuel compared to a combustion engine vehicle.

Read also: Dual-fuel Dacia Jogger Eco-G. We tried 5 seater and LPG…

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Economy

See how Tesla tests its electric Semi truck in the worst-case scenarios

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Tesla Semi camião elétrico testes

Tesla has finally been able to bring its long-awaited Semi to market. This electric truck promises to revolutionize transportation and bring all the unique characteristics of this type of electric vehicle to this class of vehicles.

Now that the first units have been delivered, there is hope that they will finally be mass-produced and reach more transport companies. With so many promises to be kept, a new video is now emerging showing Tesla testing its Semi truck under worst-case scenarios.


Tesla Semi is already on the market

Like all Tesla electric vehicles, Semi follows the same line of creating a unique design associated with a platform with the most modern technology available. The proof is in what was presented to the public and surprised most people.

To prove the quality of this new proposal, Tesla published in your LinkedIn account new video. In it, he reveals some of the testing he's done to determine the strength and quality of the Semi's design and its (potential) durability.

Tests to prove its durability

It has been revealed that the Tesla electric truck is subjected to numerous tests and its application in the worst scenarios that drivers may face. It doesn't stop at the ruggedness of the Semi's designs, but goes further and focuses on the motors and batteries themselves.

This is the proof that many have been waiting for to ensure that this new proposal is not limited to a lot of autonomy. Its resistance is great and will provide greater durability, further enhancing the Semi's value and performance.

high quality electric truck

Tesla has already showcased the Semi's quality with a video showing its truck driving roughly 500 miles on just one charge. The big news here is that he managed to make this long journey with a maximum load of about 37 tons.

Now Tesla remains to widely place the Semi on the market. At the moment, only a few companies have access to this new product, with a very long list of pending deliveries, who want to start mass-using this electric truck offering.

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