⏱ Is it time to invite Netflix to the United Nations?
High Schoolers cry for joy, and Office Depot vs. Staples
Good morning everyone! The days are slowly (but surely) getting longer, which means you have more and more time to read 90 Seconds every morning!
0:05- Lockdowns are bad for business... unless you’re Netflix
The streaming giant announced Q4 earnings and their 2020 data yesterday after the market closed, and they vastly exceeded expectations. During the past year Netflix added more than 37M subscribers, bringing their total up to a sky-high 203M users. In addition, they also announced big additions to their catalogue, including the promise of a Netflix original film once every week, and more than 500 titles either ready to launch or in post production. Get ready for those streaming binges!
0:26- At least there was no Yellen during this Q&A
Janet Yellen had her Treasury confirmation hearing yesterday, and she made a very strong impression that almost guarantees her becoming the first female Treasury Secretary in US history. In her speech, she reiterated that a new stimulus was required ASAP, and also cautioned President-Elect Biden on raising taxes (both corporate and high income personal) too soon, saying that the initial focus should be on the average American worker, and helping them out.
0:45- Did you hear that sound?
That’s the cry of joy from every high schooler in the nation upon hearing that the SAT will no longer include the essay section. This change comes as there has been an accelerated move away from standardized tests as a requirement for college as a result of the pandemic. In addition, the SAT will no longer include the optional subject tests, as they found that Advanced Placement tests are “more suitable measures” of student’s specific subject matter expertise.
1:06- The Office Wars
And we’re not talking about Dunder Mifflin either. Today Office Depot simultaneously officially refused the takeover offer from Staples, while also publicly indicating that they are open to alternative deals from another source. This isn’t an uncommon event though — this attempt marks the third time in the last decade that Staples has tried to take over the rival brand.
1:22- Maybe cats do have nine lives?
“Patches” is a cat in California who disappeared almost three years ago in a California mudslide that killed 22 people — yet he was reunited with his owner earlier this year after he was picked up by a shelter. Nine lives seems to be the logical conclusion here.
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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