Hello everyone. This is your daily tech and business briefing from Cheddar News.
Netflix's subscriber growth slowing down.
The streamer only reported that they added 8.2
million global net subscribers in the fourth quarter
that fell short of analyst projections.
The company also warning that the rate of subscription additions
also slowing down that following a subscription price hike.
Meanwhile,
Intel announced that they plan to break ground on a new
chip factory in Ohio by the end of the year.
The total project is estimated to cost $100 billion.
The 1000 acre site is in response to unsatisfied demand for micro trips all
over the world and Intel's goal of expanding their market in the us and Europe
and Tiktok venturing into the world of paid subscriptions.
Not a lot of details known just yet about the efforts,
but Tiktok has simply confirmed the news.
Tiktok does allow users to accept money from fans during live streams,
but this comes after instagram announced a similar move and that's cheddar news,
business and tech update.
I'm baker machado coming to you from Cheddar studios in lower Manhattan