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Netflix is still saying ‘no’ to ads – TechCrunch

Despite ongoing speculation and investor pressure , Netflix is still declining to adopt an advertising-based business model as a means to boost its revenue, Netflix CEO Reed Hastings confirmed on Tuesday. The company on its Q4 earnings call again shot down the idea of an ad-supported option, with Hastings explaining there’s no “easy money” in an online advertising business that has to compete with the likes of Google, Amazon, and Facebook. ... Full story

Kim Woo Seok Announces Fan Meeting

Kim Woo Seok will be holding his first solo fan meeting! On January 23 at midnight KST, Kim Woo Seok announced via his Instagram that he’ll be meeting fans through an event titled “Woo Seok Ah” on February 22. Adding “ah” to a name is an informal way of addressing someone, and the poster he shared for the fan meeting shares that the characters make an acrostic poem in Korean that reads “Our Seok is beautiful.”. Kim Woo Seok debuted with ... Full story

Can a time machine offer us the meaning of life? – TechCrunch

We are continuing our discussion of Ted Chiang’s Exhalations . Today (and one day late thanks to the MLK holiday), I give some thoughts on the first short story of the collection, “The Merchant and the Alchemist’s Gate” and kick off the discussion for the second short story of the collection, the eponymous “Exhalation.”. Previous editions of this “book club”:. Some quick notes:. - Want to join the conversation? Feel free to email me your ... Full story

Email Startup Front Raises Rare $59 Million Round Led By Other Software Founders

Front founders Mathilde Collin, CEO, and Laurent Perrin took an unusual step in raising a ... [+] later-stage funding round predominantly from other software entrepreneurs. Ellian Raffoul Photography. When email startup Front’s CEO Mathilde Collin decided she was ready to raise a new funding round, the entrepreneur had options. She could seek out new investment firms, or go back to her previous backer, well-known Silicon Valley shop Sequoia ... Full story

Saudis probably hacked Bezos’ phone – TechCrunch

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here . 1. UN calls for investigation after Saudis linked to Bezos phone hack. United Nations experts are calling for an investigation after a forensic report said Saudi officials “most likely” used a mobile hacking tool built by the NSO Group to hack into the ... Full story

Lloyds joins crowd with new 40% overdraft rates

The City regulator has stressed that seven out of 10 bank customers will be better off or unchanged as another big bank announces its new overdraft rates. Customers of Lloyds Banking Group will be charged "personalised" rates of up to 49.9% from April, but most will pay a rate of 39.9% to go into the red. The latter is the same rate as planned by many of the major High Street banks. The Financial Conduct Authority (FCA), which demanded changes ... Full story

Tesla could soon sell and service its vehicles in Michigan – TechCrunch

Tesla reportedly reached a settlement with the State of Michigan regarding the sales and service of its vehicles. According to the AP, this settlement would end the automakers lawsuit against the state, which barred Tesla and others from selling vehicles directly to consumers. This would lead to consumers being able to purchase, take delivery, and service Tesla vehicles within the State of Michigan. Currently, Michigan law states consumers can ... Full story

Fortnite just officially became a high school and college sport – TechCrunch

Fortnite, one of the world’s most popular games, will now be an official high school sport and college sport thanks to an LA-based startup called PlayVS . The company has partnered with Epic Games to bring competitive league play to the collegiate and high school level. This also marks PlayVS’s entry into colleges and universities. PlayVS launched in April of 2018 with a mission of bringing esports to high school, with a league akin to ... Full story

The $100M ARR club welcomes four new members – TechCrunch

Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Today we’re adding a few names to the $100 million annual recurring revenue (ARR) club . The new entrants come after we kicked off 2020 with a previous four new members . So far in January, we’ve also highlighted SiteMinder’s $70 million ARR and expected ramp to $100 million, Cloudinary’s $60 million ARR sans venture capital ... Full story