Tech Report: Netflix revenue surges, Congress passes Crypto bill, Amazon cuts more jobs

Streaming giant Netflix reported strong growth in subscribers, helping to push its net income past $3 billion.

(LILAMAX) – Streaming giant Netflix reported strong growth in subscribers, helping to push its net income past $3 billion. The company also raised its 2025 revenue forecast. Analysts say much of the success comes from its lower-priced $7.99 monthly plan, which attracted viewers who may have been deterred by the $24.99 ad-free option.

Netflix’s most-watched show was Adolescence, racking up 145 million views. It was followed closely by Squid Game seasons two and three.

In Washington, Congress passed the country’s first major cryptocurrency regulation bill. The GENIUS Act introduces formal rules for stablecoins—digital currencies tied to traditional assets and considered less volatile. The legislation includes new anti-money laundering measures and mandates transparency from crypto companies, requiring them to disclose details about their holdings.

Meanwhile, at Amazon, more layoffs are hitting its Web Services division—its cloud computing arm. The company has already cut more than 27,000 jobs since 2022. According to CNBC, CEO Andy Jassy is continuing to downsize Amazon’s corporate workforce as it pivots to prioritize artificial intelligence and other emerging tech strategies.

Job seekers, take note: A new survey from the American Staffing Association finds that 70% of employers now review applicants’ social media profiles as part of the hiring process. Nearly 60% say they’ve rejected candidates based on what they found online. The survey also shows a generational divide: While many Gen Z users see social media as a space for personal expression, many Baby Boomers believe it can damage professional reputations.