Binge watching for 10 billion hours
That’s how many hours of content Netflix users streamed in the first quarter of this year, according to the company’s most recent earnings report released Wednesday. Quartz points out that’s about 55 hours per month, per person.
That’s how long Toyota’s self-imposed expansion freeze. The world’s largest carmaker by volume has just ended the freeze by announcing plans to invest $1.4 billion to build new factories in Mexico and China.
This is how much Etsy, the online retailer platform, has been priced in its IPO. The deal raised about $267 million by selling 16.7 million shares and gives Etsy a valuation of $1.8 billion.
That’s 10 percent of Google’s annual sales, and the fine the tech giant could pay in an antitrust suit brought by the European Union Wednesday. The EU is accusing Google of privileging its own services in search results. New tech correspondent for Marketplace Molly Wood tells us how Google’s mission makes this case somewhat inevitable, and how the company can adjust its model to get out of this.
This is Japan’s total holding of US government debt. Now the third largest economy in the world has surpassed the second in U.S. bond holdings. According to the Financial Times, China pegs its currency to the dollar, which has recovered strongly this year. Meanwhile, growth in the Asian giant is slowing, leading it to reinvest more of its foreign earnings domestically. However, U.S. investors still remain the number one buyer of U.S. bond.
The starting wage for employees at the East Village restaurant Dirt Candy, three times New York’s minimum wage for tipped employees. Dirt Candy has gotten rid of tipping entirely, instead adding a 20 percent “administrative fee” to every meal. It’s something of a reaction to the way tipping habits have changed, the Washington Post reported, though it’s not always easy to ditch the tradition without raising prices or sacrificing service.
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