1. Netflix to Change Its Service Model
Netflix is changing its service model. Starting this October, the company will no longer release all of the episodes of certain TV shows in one go. Instead, they plan to release groups of episodes each week.
Netflix executives hope that this new strategy will not only provide more value to their customers, it will also allow them to compete more effectively with Hulu, Disney+ and Apple TV.
The idea behind the new model is that viewers benefit from watching shows that don’t spoil their own endings. By releasing chunks of episodes per week, people who don’t have the time to binge-watch an entire series in one go will no longer have to worry about spoilers.
However, despite the new weekly model, Netflix will not be abolishing their older binge system completely. Reality TV and certain shows will still be released using the old model, whereas the new policy will be used for the latest Netflix series.
https://www.yahoo.com/lifestyle/netflix-ditching-binge-start-releasing-150305987.html
2. Dell Quarter EPS and Revenue Beat Estimates
Dell Technologies recently reported quarterly earnings of $2.15 per share, well above $1.81 from about a year ago. The latest quarterly report represents the second time in the last four quarters that Dell has surpassed consensus estimates.
Furthermore, Dell Technologies posted revenues of $23.37 billion for the quarter that concluded on July 2019. This is also the first time that the company has beaten consensus revenue estimates over the last four quarters.
However, it’s also worth mentioning that Dell Technologies’ stock has underperformed the market throughout 2019, and there are also concerns over estimates for succeeding quarters as well as the current fiscal year change.
So far, the current earnings per share consensus for Dell Technologies is around $1.41 on $22.99 billion in revenues for the coming quarter, while estimates for the current fiscal year is $6.31 on earnings per share and $93.23 in total revenues.
https://finance.yahoo.com/news/dell-technologies-dell-q2-earnings-215509603.html
3. Uber and Lyft Face Problems in California
Uber and Lyft may be facing problems in California. On August 29, both companies released a proposal where they promised to pay drivers $21 an hour, provide sick leave policies and allow them to have a ‘collective voice,’ which basically means allowing them to form their own unions.
The proposal was presented as an alternative to Assembly Bill 5 (AB5), which will force Uber and Lyft to designate their drivers as employees rather than as independent contractors. Both companies, however, consider the new bill a threat, and are doing all they can to prevent it from becoming law.
Supporters of the law argue that it will address many of the problems faced by many Uber and Lyft drivers, including poor pay and lack of certain legal protections. Furthermore, AB5 is also meant to address problems within Uber and Lyft algorithms that disadvantage drivers and passengers alike.
However, both companies are concerned that the new bill will undermine the rideshare business model, and if California passes the bill into law, there are concerns that other states may pass similar laws, thereby undermining Uber and Lyft’s ability to operate anywhere.
California state senators are set to vote on the bill soon.
https://www.theverge.com/2019/9/2/20841070/uber-lyft-ab5-california-bill-drivers-labor
4. Gartner Embraces Algorithmically Guided’ Sales Tools
Gartner, Inc. recently conducted a survey which revealed that around 51% of all sales organizations have either deployed or are in the process of deploying ‘algorithmically-guided’ sales tools in the next five years.
Algorithmic guided sales tools combine the latest AI technologies with up-to-date sales data to guide business decisions, automate manual sales and reduce the need for individual decisions throughout the sales process.
