This Week in Review☕️: Gen Z is eating milllennials lunch | Tech companies only want those aged under 25 | Indian tycoon Ratan Tata dies, aged 86 | Netflix takes the lead among streaming competitors | Hit TV shows are all the rage right now
Quick Bites:
Big Tech 📱: Want a job in tech? Companies want the under-25 set.
According to an analysis of 10 million tech workers, those under 25 hold 41% of roles in field, Business Insider reports.
Turns out: It helps to “possess a birth certificate dated after 1990.”
Umm, we kinda get it. We’re at that age where we need atleast 3 minutes of stretching before its safe to get out of bed
Speaking of..
By age 30, you should have:
Two types of rice in your pantry
Two conspiracy theories
A daily SPF 50
A favorite food network chef
A paid Netflix account
Heated blanket
Figured out your moon and rising
Existential dread
A TON of anxiety
A dog
A dog with anxiety
Key Highlights, reported by Business Insider:
💡”I want to stress the importance of being young and technical.
Young people are just smarter,” said a then-22-year-old Mark Zuckerberg, who is now 40
💡The no. of people under 25 grew by around 9% each year from 2014 to 2022and made up 7% of the tech workforce by 2022
💡This is more than 20 times the rate of growth for young workers across all other industries
💡The ranks of workers over 65 also grew, but only to 4%
💡Over 60s are still by far the smallest age group working in tech
It’s not enough to prove ageism, but the report notes that companies with STEM jobs do see more age-discrimination chargesthan others.
All job applicants over 25:
Guess its time to stop revealing your graduation year on your resume! Because in 2024, experience is a liability more than an asset 🙈
Our Thoughts💡: We HATE when older people say “you’re too young to be tired” alright Margaret you’re too old to be alive but here we are🖕🏻
PS. We think we’re going to pivot to being a millennial 30-year old Instagram influencer, making daily videos about eating novelty cheese sandwiches, maintaining an irregular sleep schedule, and holding grudges 👵
Entertainment 📺 : It’s been a stormy ride in the entertainment industry but seems like its finally rebounding.
Netflix is adding subscribers and “minting money,” thanks to hit shows, stricter rules for shared accounts and a new ad-supported tier, Bloomberg reports.
Umm that moment in between Netflix episodes when u see the reflection of ur face on the black screen and wonder wtf ur doing with your life 🤯
Netflix topped 275 million subscribers this year, hitting a significant milestone.
Almost 300 million subscribers and like, 90 million free loaders.. right? Bout time they cracked down on password-sharing
PS. We just shut our account because The Office and Gossip Girl no longer on the platform.. make that 299,999,999 paid subscribers
With the rise of Amazon Prime, Apple TV, HBO, Disney+ and Hulu, it’s clear that streaming platforms are in fierce competition to take on the trillion dollar entertainment system.
A disruptive shift from previous decades where a handful of TV Execs & Hollywood Studios maintained a strong hold on those dollars.
But now, even that guy whose an Uber driver and has 2 million followers on TikTok is coming to eat Hollywood’s lunch.
And to think Blockbuster once passed on buying Netflix for $50 million..🫢🫢🫢
Key Highlights, reported by The Wall Street Journal:
💡Netflix added over +8 million subscribers in Q2 this year, extending its lead among the competition
💡Revenue jumped roughly 17% compared to the same period last year
💡Netflix’s global paid memberships increased by 16.5% year over year to 278 million, indicating that its ad-supported pricing plans have been successful
💡The streamer also noted it would begin phasing out its lowest-cost ad-free basic plan in the US and France, replicating a move it has already made in several markets
💡Advertising has emerged as a reliable revenue source, notably the free Tubi service as: “A new creative class” is finding an audience on social media and YouTube.
💡Media companies are getting deeper into gaming and seeing successes like “Fallout” and “The Last of Us”, Bloomberg reports.
Our Thoughts💡:
BILLION- dollar idea:
What if Netflix doubled as a dating service like “Here are 7 other singles that watched Cocomelon for 11 hours straight”.. ????
Business 🌎 : Indian tycoon and Padma Vibhubhushan Ratan Tata dies, aged 86.
Indian tycoon Ratan Tata has died aged 86, says the Tata Group, the conglomerate he led for more than two decades.
Tata was one of India’s most internationally recognised business leaders.
The Tata Group is one of India’s largest companies, with annual revenues in excess of $100bn (£76.5bn).
In a statement announcing Tata’s death, the current chairman of Tata Sons described him as a “truly uncommon leader”.
Natarajan Chandrasekaran added: “On behalf of the entire Tata family, I extend our deepest condolences to his loved ones.
“His legacy will continue to inspire us as we strive to uphold the principles he so passionately championed.”
During his tenure as chairman of the Tata Group, the conglomerate made several high-profile acquisitions, including the takeover of Anglo-Dutch steelmaker Corus, UK-based car brands Jaguar and Land Rover, and Tetley, the world’s second-largest tea company.
UK Business Secretary Jonathan Reynolds said in tribute that Tata was a “titan of the business world” who “played a huge role in shaping British industry”.
A profile published in the Economist magazine in 2011 called Tata a “titan”, crediting him with transforming the family group into “a global powerhouse”.
“He owns less than 1% of the group that bears his family name. But he is a titan nonetheless: the most powerful businessman in India and one of the most influential in the world,” the magazine said.
In 2012, he retired as chairman of the group and was appointed chairman emeritus of Tata Sons, the group’s holding company.
Indian Prime Minister Narendra Modi hailed Tata as a “visionary business leader, a compassionate soul and an extraordinary human being”.
Paying tribute on X, formerly known as Twitter, Modi recounted “countless interactions” with Tata and said he was “extremely pained” by his death.
The business tycoon also had a lighter side to him. His love for fast cars and planes was well-known – the Tata group website describes these as some of his “enduring passions”.
Tata was also a scuba diving enthusiast, a hobby that fizzled with age “as his ears could take the pressure no more”.
He was also a dog lover and fondly remembered the many pets who gave him company over the decades.
“My love for dogs as pets is ever strong and will continue for as long as I live,” the industrialist said in a 2021 interview.
“There is an indescribable sadness every time one of my pets passes away and I resolve I cannot go through another parting of that nature. And yet, two-three years down the road, my home becomes too empty and too quiet for me to live without them, so there is another dog that gets my affection and attention, just like the last one,” he said.
He was also often praised for his simplicity. In 2022, a video of him travelling in a Nano car – one of the world’s cheapest cars, now mostly remembered as one of Tata’s failed dreams – went viral on social media.
Wealth 💰: Mark Zuckerberg joins exclusive $200 billion club, closes in on 3rd-richest person in the world.
$200 billy?! Guess the Zucks makes his coffee and avo toast at home
On another note, Elon now owns X, Bezos owns the Washington Post, Bill Gates has invested over $300 million in media platforms and Mark Zuckerberg owns WhatsApp, Instagram and Facebook aka our entire effing life.
Free speech in 2025? MY A* 🖕🏻
Recent figures from Bloomberg’s Billionaire Index show: Zuckerberg has grown his personal fortune by a whopping $73.4 billion in 2024 to $201 billion.
The Meta CEO is currently the 4th-richest person in the world, joining an elusive $200 billion club that only counts three other members:
1. Elon Musk ($272 billion)
2. Jeff Bezos ($211 billion)
3. Bernanrd Arnault ($207 billion)
Key Highlights, reported by CNN:
💡Shares of Meta have surged by nearly 64%in 2024
💡Meta operates popular social media platforms Facebook, Instagram and Threads, as well as instant messaging app WhatsApp
💡Meta AI is on track to become the most used assistant in the world
💡“We’re almost at 500 million monthly (active users), and we haven’t even launched in some of the bigger countries yet,” Zuckerberg said, referring to countries in the EU
Zuckerberg isn’t the only tech mogul to see a massive rise in their fortune this year.
Jensen Huang, CEO of Nvidia, and Larry Ellison, co-founder of Oracle, have seen their net worths surge in 2024 by $62.2 billion and $58.6 billion, respectively.
Food🍔: Your Big Mac might get smaller as Restaurants rethink portion sizes.
More than three-quarters of customers in the US now say they want cheaper, smaller portions, according to the National Restaurant Association.
Umm yeah Happy October to you too. Now get us a Double Quarter Pounder with cheese and another Absolut Brown Gravy Martini pls 🍸
Started our new healthy diet today:
Breakfast is 2 walnuts, I lick a banana for lunch and Dinner is yelling at a picture of myself naked 🤬
One reason for the smaller portion sizes: Many people still feel pressured by high prices, and are looking for places to cut back, The NY Times reports.
Second reason: Food waste.
As much as 40% of restaurant food never gets eaten, per one 2020 study, and ends up in landfills, possibly contributing to climate change.
Background💡: Portion sizes in American restaurants as well as globally shot up in the 1980s and never decreased. The average serving of spaghetti and meatballs doubled, The NY Times.
The large portions have also been a leading leading factor for obesity-related conditions like heart disease, diabetes, and high blood pressure among adults.
Our Thoughts💡: Maybe the smaller portions will help us finally get rid of that leftover quarantine fat??
Btw guys, don’t you think it’s kinda unfair that its SO expensive to lose weight?? If you want to gain weight, every fast-food restaurant has a 2 for $5 deal. But if you want to lose weight, it costs $20,000 in Ozempic and cocaine🤔🤔
Quicker Bites:
- California has become the 2nd state to ban legacy and donor admissions at private universities.
- Hezbollah will choose a leader as soon as possible, top official says.
- NYC becomes the most expensive city in the world to retire in 2024.
- Israeli airstrikes in Beirut leave Indians misplaced.
- China to allow homebuyers to refinance mortgages.
- Helene has killed +90 people across the Southeast, making it the deadliest hurricane to strike the continental US.
- Helene’s damage could cost upto $60 billion.
- SpaceX launches ISS rescue mission.
- Virgin Group founder- Richard Branson starts a free dyslexia school.
Business Eye 
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