Netflix Angst, The End of the Internet, Q&A on Meta’s VR Glasses, Anthropic Alignment, You Can See Everything

Netflix's admitted engagement weakness undercuts its ad-growth story just as cybersecurity infrastructure and AI alignment debates intensify.

• Netflix engagement admission: Netflix execs broke from scripted earnings-call norms to admit engagement is missing targets by ~10%, while US subscriber growth has stalled and ad revenue is tracking to $2.7B vs. a $3B goal.
• Low churn is the superpower: Ben Thompson says Netflix's defense against price hikes (raised prices four times in five years, 16% in 2025, 12% planned 2026) is that churn hasn't risen yet — but 'once it shows up, it's too late.'

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