Reed Hastings, one of the founders of Netflix, is stepping down as co-chief executive. He will become the company's executive chairman. Greg Peters, the company’s chief product and chief operating officer, will take over as a co- chief executive.
YouTube is introducing pause screen ads, which will show ads even when viewers pause video playback. This will start with smart TVs. Google recently revealed the success of its pilot program for paused screen ads during the Alphabet earnings call. The program was run on connected TVs and showed positive results.
The author prefers listening to radio over Spotify's algorithm-based music recommendations, as the latter tends to create a "rabbit hole" effect by repeatedly suggesting similar music based on recent listening history.
Shares of Chinese electric car maker Nio jumped more than 20% in April as its electric car sales more than doubled. Hong Kong-listed Nio shares jumped as much as 23% to HK$44.20, the highest in more than six weeks.
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