Netflix disappoints with poor growth: shares under pressure

After tremendous growth in the wake of the Corona restrictions, Netflix has recently been noticeably worse. The share price plummeted.

(Image: XanderSt / Shutterstock.com)

After the corona-related subscription boom in the first half of the year, the number of customers for the online video service Netflix fell sharply in the third quarter. In the three months to the end of September, the bottom line was only 2.2 million payment subscriptions, as the streaming market leader announced on Tuesday after the US market closed. In doing so, Netflix missed its own forecast and remained well below the analysts’ expectations. Investors let the share fall by around six percent in an initial reaction after the trading day.

Had series hits like “Tiger King” in combination with the increased streaming demand due to the corona pandemic in the previous quarters caused a huge rush , user growth has now slowed down sharply. Compared to the same period of the previous year, when 6.8 million customers were added, things looked much more modest. Year-on-year profit increased from 665 million to 790 million dollars (668 million euros), but also fell short of expectations. Meanwhile, sales even increased by around 23 percent

New billions: USA wants to bring nuclear power into the renewable age

The “new king” in global power generation is photovoltaics, as the International Energy Agency recently stated in its annual report 2020, but at least some countries see it continue to have a future in nuclear power. This includes, for example, the USA: Here the Department of Energy (DoE) has just received the first 160 million dollars for the construction of two new types of power plants released, which should run from the end 2027. A total of several billion dollars in funding is possible for this – and one of the two new reactors could be a good addition to more and more electricity from the sun and other renewable but unstable sources.

The two companies that are now receiving DoE funding as part of the Advanced Reactor Demonstration Program, which started in spring, are young, but still old acquaintances in the nuclear scene: Terrapower was 2006 founded by Bill Gates and others and already got 2016 together with the partner Southern Energy 40 Million dollars for the further development of a new reactor design. And also X-energy, founded 2009, was already 2016 by the DoE with the same amount

In the USA, too, the ongoing projects for new nuclear power plants are repeatedly delayed or have been completely stopped, but the country has said goodbye to the further development of technology Not. In an article on the new funding for Terrapower and X-energy, the DoE even seems to want to signal something like a spirit of optimism: After decades, the USA is finally ready to take the next step in demonstrating advanced reactors, it says . There is non-partisan support for this in the US Congress, and the two projects could receive 3.2 billion dollars in total.

Wherever the funds go Half of the money goes to the two funded companies, which in turn have to contribute the same amount of funds. The aim is for each of them to build a reactor with a new design that will be “fully operational” within seven years, as the DoE explains (in another communication, however, it speaks of “can”). The payment of the remaining planned funding depends on further allocations from the Congress as well as on satisfactory progress in the period up to 2027.

Both of the designs now funded are different from today’s nuclear power plants, but have been researched and developed in some cases for decades with setbacks. X-energy wants to build a so-called pebble bed reactor in which the uranium fuel is encapsulated in graphite balls. A larger supply is used up very slowly.

The X-energy concept also has two other special features. Instead of water, helium is used for cooling and heat transfer, which enables higher steam temperatures and thus efficiency. And the reactor Xe – 100 is modular and will later be prefabricated in factories; For the DoE project, four units with a total of 320 megawatts of power are planned.

Liquid salt in the tank Terrapower, in turn, is working, together with its partner GE-Hitachi, on a fast reactor cooled with sodium (after the English name, abbreviated as SFR) . The metal only melts at high temperatures, so it does not have to be under pressure, which reduces complexity and costs. As usual with SFR, the resulting heat is transferred to another molten medium, namely salt. This non-nuclear part is decoupled from the actual reactor at Terrapower and can therefore be designed and built less expensively.

In addition, the heated molten salt can not only be used immediately to generate electricity in the generator, but also later – alternatively, it can be stored in tanks first. The actual reactor output for the planned Terrapower demonstrator is 345 M

Now At Work 2020: here's what we talked about during the virtual event held by ServiceNow

During Now At Work 2020 ServiceNow has collected the success stories of the companies and Public Administrations that have adopted the Now Platform, including Acea and the Municipality of Milan. He then took the opportunity to present the news of the latest release, Paris

by Alberto Falchi published on , at 14: 01 in the Innovation channel

ServiceNow

Recently ServiceNow held the virtual event Now at Work 2020 where he presented the success stories of his customers and the news of the new release of the Now Platform , code name Paris . All the keynotes and the various presentations are still accessible on the event website, one of the advantages of organizing these presentations in a virtual way, thus making them accessible to everyone, not just professionals, and allowing those who have not been able to follow them in real time to access these materials.

Now at Work 2020: what did we talk about

Now At Work 2020 was focused not only on the presentation of the new version of the Now Platform , ServiceNow’s platform for creating custom workflows, but ample space has been given to the stories of customers who have successfully adopted the platform. Sessions were also dedicated to how to optimize company procedures thanks to technology, seizing the opportunities offered by the digital transformation . Particular attention was given to the transformation of the workplace that affected everyone during the health emergency. From this point of view, the keynote is interesting, during which Filippo Giannelli of ServiceNow Italia, Mario Attubato by Saipem and Sebastiano Barisoni de Il Sole 24 Hours discussed how the business should be transformed to respond to the challenges imposed by the crisis generated by the covid – 19.

Roberto Galdini of ServiceNow conducted a session dedicated to the convergence between project management and customer service , while Mario Noioso focused his speech on how to make the most of data from a business perspective, also relying on analysis systems based on machine learning . There was no lack of sessions dedicated to real use cases, where customers illustrated the problems they solved thanks to the ServiceNow platform: Alan Montanari and Giuseppe Giordano of Snam and Carlotta Comite di Iren , who has explained how the lockdown has changed the habits of those who work in Iren, but not the company’s objectives, which always see people at the center of everything.

Ample space has been given the sessions dedicated to successful cases, one of which focused on the digital transformation of the city of Milan , one of the few Italian municipalities that can boast a councilor for digital transformation and physical services. Armando Crisafo and Alessandro Visintini of ServiceNow discussed together with Stefano Marcon , Executive Instructor Information Systems of the Municipality of Milan, of how the ServiceNow platform has supported the administration in providing a series of digital services to citizens, such as the request for certificates, the payment of taxes and duties.

Maurizio Figliomeni, ServiceNow platform manager at Inail, spoke about Inail’s vision on how the ServiceNow platform has standardized and optimized IT processes and has become central to the digitization of the Institute’s business processes.

Also interesting is the case of Acea , a company operating in the energy sector and supplies Rome and some areas of Tuscany. Angelo Basile, Head of the Products Unit & Platforms di Acea , explained how the adoption of the Now Platform has made it possible to have a single and consolidated view of all IT initiatives, both from a technical point of view both from the economic one.

All these case studies and insights are available on demand, free of charge, with lots of subtitles in different languages. The only prerequisite is to register on the ServiceNow website.

Paris: the news of the new version of the Now Platform

ServiceNow goes on to give the versions of its platform the names of the main cities. If the previous versions were called New York and Orlando, the current one takes us back to the Old Continent and takes the name of Paris , which introduces 6 new products: Business Continuity Management , to ensure resilience and support businesses in crisis management; Financial Services Operations , which helps financial organizations better connect teams and the back office; Hardware Asset Management , to automate the management of the company’s physical assets; Legal Service Delivery , which gives legal teams the visibility they need to make better decisions; Telecommunications Service Management , to manage communication services more flexibly and finally Telecommunications Network Performance Management , which offers IT teams l