Slate News Slate Money: Why Netflix is Reducing Parental Leave
Dec 14, 2024
Delve into the controversial trend of debanking affecting crypto companies and beyond, exploring conspiracy theories and regulatory challenges. Learn how Netflix's cutback on parental leave signals a shift in corporate culture amidst workforce changes. Discover Spotify's newfound profitability and its influence on the music landscape. Plus, a surprising look at the nostalgia-driven success of Hot Wheels and a critique of philanthropic efforts by prominent figures.
AI Snips
Chapters
Transcript
Episode notes
Debanking Economics
- Banks often "debank" customers when KYC and AML compliance becomes too costly.
- It's easier to remove a customer than investigate every potential issue, especially smaller accounts.
Debanking Conspiracy
- Crypto companies facing debanking often blame a conspiracy involving Elizabeth Warren.
- However, regulators aim to limit bank exposure to crypto due to its correlation with illegal activities.
Netflix Prioritizes Profit
- Netflix's shift to prioritizing profitability over growth has led to policy changes.
- Their hiring practices now favor cost-effectiveness over exceptionally high salaries.