[TL;DR] Tech news that you shouldn’t miss this 04/17

by bold-lichterman

Every evening, the best of Tech news is in the TL; DR of FrenchWeb.

TL; DR (invariable acronym) (21st century): initials of “too long; didn’t read “,
or literally “too long; not read ”
1. (Internet) To express that the message that was sent was not read because it was too long.
2. (Internet) To express that the following is a summary of the text too long.

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Growing internationally, Netflix garnered 290 million dollars in profits in the first quarter of 2018. The American video-on-demand giant attracted 7.4 million additional subscribers over the first three months of the year.

Why this is important: Of the 7.4 million subscribers won in the first quarter, 5.5 million were acquired internationally, against barely 1.9 million in the United States, its domestic market. Now available in 190 countries, Netflix now has 68.3 million international subscribers. The streaming giant is thus 55% dependent on international for its subscribers. Now, the Los Gatos firm achieves almost 50% of its turnover internationally. The trend should be confirmed in the second quarter insofar as the American group expects international sales to exceed its revenues in its domestic market.

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Credit: Diabluses / Shutterstock.com

Scality, $ 60 million to meet the expectations of businesses in the cloud. The start-up hopes to achieve profitability by 2020.

Why this is important: This round of funding should allow Scality to increase its efforts in engineering to improve its products. The start-up hopes to achieve profitability by 2020. If this objective is reached, the company will go public. To date, the French start-up, based in Paris and San Francisco, claims 200 client companies in various sectors, such as finance, telecommunications, automotive and health.

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Production of Tesla’s Model 3 has once again stopped. Despite its difficulties, the company expects to become profitable as early as the third quarter of this year.

Why this is important: According to information obtained by BuzzFeed with company employees, this break should last between four and five days. A similar decision was taken last February. The situation seems complicated for the company which fails to meet its production targets. She had thus recognized herself that she had not succeeded in producing 2,500 Model 3 per week by the end of the first quarter of 2018, the goal she had set for herself. As of April 1, Tesla was actually producing 2,000 a week. She was still confident that she could produce 5,000 models per week by the middle of the year. If it wants to become a mainstream brand, the company must succeed in this bet.

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Elon Musk. Credit: Y Combinator

Coinbase buys crypto start-up Earn.com for $ 120 million. At the same time, the cryptocurrency exchange platform has its first CTO, in the renowned figure of Balaji Srinivasan.

Why this is important: Coinbase once again strengthens its management with choice profiles: last week, the company, which has become

Bsit raises 1.4 million euros to help parents find a trusted babysitter near them. Available in France, Belgium, Luxembourg and the Netherlands, the Belgian application claims 200,000 subscribers.

Why this is important: With this funding round, Bsit plans to speed up the development of its activities in France and Belgium. In France, the Belgian start-up intends in particular to develop its B2B approach to attract French companies.

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Credits: Shutterstock.