Morning Brew Daily Meta Investing Billions in Eyewear? & Netflix Keeps Adding Subscribers
5 snips
Jul 19, 2024 Meta's bold move to invest in eyewear, potentially transforming smart glasses with AI, takes center stage. Netflix continues its royal reign in streaming with 8 million new subscribers. Excitement surrounds the EA Sports College Football 25 video game’s return after an 11-year break. Meanwhile, small-cap stocks shine in the market, while Bud Light takes a hit as the Dog of the Week. Elon Musk plans a big move to Texas for SpaceX and X. Plus, NYC schools find success by locking away student phones, boosting engagement and focus.
AI Snips
Chapters
Transcript
Episode notes
Global IT Outage
- A massive IT outage disrupted businesses, banks, airlines, and emergency services worldwide.
- The outage, caused by a CrowdStrike update affecting Microsoft Windows devices, led to grounded flights and disrupted emergency services.
Meta's Eyewear Investment
- Meta is considering a multi-billion dollar investment in eyewear group EssilorLuxottica.
- This signals Meta's interest in leading the smart eyewear tech market, expanding beyond VR headsets.
Netflix's Continued Growth
- Netflix added 8 million subscribers in Q2 and increased revenue by 17%, solidifying its streaming dominance.
- Their success is attributed to cracking down on password sharing and offering a lower-priced ad tier.