10 Things in Tech: Netflix is bleeding subscribers

Hi, friends. Netflix had $4 last quarter, and Mercedes-Benz just revealed its first $4

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1. Netflix is bleeding subscribers. According to its quarterly earnings report, the streaming giant posted a net loss of subscribers for the first time $4 — and it expects to lose even more this spring.

• Last quarter, Netflix lost 200,000 subscribers — and in its letter to shareholders, the company projected it could lose two million subscribers in the current quarter.
• Netflix cited password sharing (an issue it's recently been $4) and growing streaming competition as major headwinds to its revenue growth, adding that growth during the COVID-19 pandemic "obscured the picture until recently."
• It also pointed to world events, like inflation and Russia's invasion of Ukraine, as pain points, as removing its service in Russia $4
• Reed Hastings, the Netflix co-CEO, said the company would explore an ad-supported tier $4

Here's the latest.>$4

In other news:

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2. You no longer have to wear a mask while in an Uber. In an email to customers, the ride-share company said both riders and drivers can go maskless in cars, and that riders "can always cancel" if they feel uncomfortable. $4

3. These DoorDash power players are helping the company beat Uber Eats and Grubhub. Since its founding in 2013, many behind-the-scenes leaders, including its CMO and numerous VPs, have turned DoorDash into the country's largest food-delivery app. $4

4. Jack Dorsey's biggest regret? The death of Vine. Twitter acquired the short-form video platform in 2012, but shuttered it four years later. Now, with TikTok having taken its place, Twitter's founder $4.

5. Is quantum computing really the next big thing? Tech giants are touting the technology's theoretical potential to make a traditional supercomputer look like a slide rule — but the hype about quantum computing's future glosses over the limitations of its present. $4

6. Amazon is facing another union vote in New York City. This time, the vote is taking place at a warehouse just across the street from the Staten Island facility where workers recently voted to unionize. $4

7. The direct-to-consumer model is struggling. For years, digitally native brands like Warby Parker and Allbirds were able to skip big-box retailers altogether. Now, for most DTC brands, the question of when to start working with brands like Target and Walmart $4

8. Bizarre Facebook ads claim the host of "Jeopardy!" is embroiled in scandal. The posts lure in readers with the promise of a juicy story on Mayim Bialik — only to deceptively link to a bait-and-switch $4

Odds and ends:

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9. Mercedes-Benz just revealed its first electric SUV for the US. Dripping in luxury, the EQS SUV boasts a "hyperscreen" that stretches across the cabin, 64-color ambient lighting, and 373 miles of range. $4

10. Goodbye, jersey numbers. Hello… QR codes? For this year's spring game, the University of Central Florida's football team will have QR codes on the backs of their jerseys, instead of numbers. $4

What we're watching today:

• Tesla, United Airlines, and others are reporting earnings today. $4
• Today is the 50th anniversary of the Apollo 16 moon landing.
• The Wilson Center is hosting a discussion on $4 at 10 a.m. ET.
• AWS Summit San Francisco takes place $4

Keep updated with the latest tech news throughout your day by checking out$4 a dynamic audio news brief from the Insider newsroom. Listen here.>$4

Curated by Jordan Parker Erb in New York. (Feedback or tips? Email jerb@insider.com or tweet @jordanparkererb>$4.) Edited by Michael Cogley in London.