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$69M NFTs, and Netflix cracks down on sharing

Good morning everyone, and congrats on making it to Friday!

0:05- The true end of an era

• In a rollout that started earlier this week, Netflix finally started to crack down on account sharing. Users who are watching on someone else’s account may soon see a message that states, “Start your own netflix for free today. If you don’t live with the owner of this account, you need your own account to keep watching.” The viewer will then have an option to verify that they are in fact the owner by receiving a verification code or they’ll be locked out. Considering that a reported 35% of millennials share passwords, this new change might hit some users hard.

0:32- 5,000 days of dedication pays off in a big way

The $69M piece of artwork

• The digital artist ‘Beeple’ has been creating a new piece of art every single day for the last 13.7 years, and recently has started selling his images as NFTs. Over the past few months, some of his works have appreciated at rates over 10,000%, creating a huge demand for valuable pieces. That certainly didn’t stop yesterday when he sold a mosaic of his first 5,000 pieces, entitled “EVERDAYS: THE FIRST 5000 DAYS” as a NFT for $69,346,250. That’s, uh, a lot of money.

0:56- How much surveillance is too much?

• With privacy issues hitting the news every day, lawmakers are finding themselves unsure of what lines to draw. Recently, the practice of automated license-plate readers being used has come under fire as the systems observe tens of millions of vehicles around the country each day— leading to warrantless access of information to help catch criminals. But is that enough justification to continue? With error rates of up to 10%, innocent people have found themselves in court for crimes they didn't commit.

1:18- Facebook files for the court to flip

• Yesterday Facebook filed a motion with a federal judge to officially request the antitrust lawsuit (filed against it by the FTC and 46 states) against it be dropped, stating that the FTC “utterly ignores the reality of the dynamic, intensely competitive high-tech industry in which Facebook operates.” NY Attorney General Letitta James responded by simply saying, “Facebook is wrong on the law and wrong on our complaint.”

Have a great rest of your day, and we’ll see you tomorrow bright and early!

-The 90 Second News Team

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