Good afternoon: Today's PM — edited by Justin Green — is 571 words, a 2 minute read.
Situational awareness: Netflix had a bad quarter, losing domestic subscribers and adding just 2.7 million international users vs. an expected 5 million. [CNBC]
Big Tech got squeezed from both sides of the Atlantic today:
One example: Facebook is facing a lot of scrutiny from Congress over its plans for its Libra cryptocurrency, largely because lawmakers worry the social media giant could have too much control over it, Axios' Kia Kokalitcheva emails.
The big picture: As this year opened with a wave of congressional scrutiny of tech, privacy legislation seemed the most likely outcome.
Why it matters: While it’s not out of the “all talk” stage yet, the conversation has moved from broad condemnation to more specific ways tech could be regulated, Axios’ David McCabe reports.
What's next: Tomorrow, executives from Snap, Match Group, Salesforce and Mozilla will brief members of the Senate Judiciary Committee behind closed doors as part of the panel’s new tech task force that hopes to tackle issues like privacy and data security.
In this courtroom sketch, Joaquin "El Chapo" Guzman, foreground right, reads a statement through an interpreter.
Photo: Chesnot/Getty Images
In an extraordinary feature, the N.Y. Times documents the saving of Notre Dame: