Netflix, CNN+, and Streaming Saturation; Elon’s Twitter Quest

It was a tumultuous week for shareholders of Netflix as the company’s stock price fell 35% following its latest earnings report – the biggest one-day drop since 2004. Then, CNN, which had planned to spend more than $1 billion on CNN+ over four years announced its collapse just two days following the Netflix saga as executives at Discovery suggested fewer than 10,000 people were watching the service at any given time. Have we finally reached streaming saturation? 

The show closes as we wrap week two of the Elon Musk quest to buy Twitter. According to numerous reports, he now has the funding secured, but is this right move for Twitter, its investors, and Elon? 

Music Credit: Smoke (with Lostboycrow) – Feather 

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Published by Austin Staton

Travel Nerd | Baylor Grad | Comms Pro | Past President at IABC Houston | Founder of Cautious Coffee + The Business Communicators | #SeekDiscomfort

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