5.48%
Wealthfront ships bond investing, Uber announces a car sharing service, GM adops Tesla chargers
Happy Monday! Netflix’s password sharing crackdown is raking in the subs. Since turning the feature on, they’re averaging a 100%+ daily lift in new subs compared to the prior 60 days. Well done, Netflix growth PMs 👏
🌶 Highlight of the day 🌶
Wealthfront shipped a robo-investing product for bonds. Bond investing is popular with institutional investors, but comes with complexity and liquidity challenges that make it hard for individuals to join the fun 🎉
Offering an estimated 5.48% net yield, Wealthfront’s bond product invests in a mix of short and long-term treasuries, as well as corporate and floating rate bonds.
In a high inflation world, there’s growing consumer appetite for this class of product that offers higher returns without excessive risks 💰
♨️ Hot off the press launches
Big tech
Uber announces a car sharing service for North America
Linkedin launches AI-powered ad copywriting support
Adobe rolls out its Firefly AI tool to enterprise customers
WhatsApp ships a one-to-many Channels feature
Instagram tests an AI chatbot with 30 different personalities
Open AI rolls out ChatGPT on iPad
General and early-stage
Oura launches a ‘Circles’ health journey sharing feature
Apollo kills its Reddit browsing app due to API pricing
GM to follow Ford’s lead and adopt Tesla chargers
Webex unveils meeting recap AI summaries
Cowboy ships built-in Google Maps for its e-bikes
🔍 Other good finds
No tricks. Product-led growth as a major motion
Degree free. Linkedin nudges recruiters to search based on skills
Long life. AI-powered robots are now giving eyelash extensions
🧈 Twitter nugget
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- Amol