TechCrunch Summary (2023-06-09 12PM)

Source: Netflix sees jump in subs as it begins to curb password sharing in US, says report

Summary
Netflix has seen a 102% increase in daily sign-ups on May 26 and 27 in the US, day of its announcement of curbing password sharing. The company had started charging $7.99 per month for an additional membership outside a subscriber’s household. Although Netflix faced some cancellations, the number of new sign-ups outmatched these.

Fact

📈 Netflix witnessed a 102% increase in daily sign-ups after it started curbing password-sharing in the US.

🚨 The streaming giant has charged $7.99 for an additional membership outside a subscriber’s household.

💻 Over 100 million households share their Netflix account with 30 million in the US and Canada.

Source: Tesla’s Supercharger network will strain under the weight of GM and Ford deals

Summary
Tesla must double its Supercharger network in under three years after making deals with GM and Ford, or risk its reputation and owner backlash. GM and Ford are both ramping up production and planning to put more than a million EVs on the road by 2025.

Fact

💸 Tesla agreed to open a portion of its chargers to Ford and GM, which will result in more competition for charging space.

🔌 Currently, Tesla drivers can charge at the largest and most well-distributed network in the U.S, with relatively low wait times.

🚙 Ford and GM’s deals with Tesla would provide more than 12,000 Supercharger stalls out of the 19,210 that Tesla has installed to date, potentially creating competition for charging space at high-traffic locations.

🌱 GM and Ford are ramping up North American production and have plans to put more than a million EVs on the road by 2025, potentially creating strains on the Supercharger network.

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