Canada Post has been losing money due to declining letter mail volumes and the high costs of delivering mail to all Canadians, regardless of location. Over the past six years, it has lost $3 billion, with $750 million lost in the last year alone. The losses are significant for a corporation but relatively small in the context of government spending.
Proposals include cutting services, restructuring to compete with e-commerce, franchising post offices, and changing mail carrier routes. The Postal Workers Union suggests expanding services like postal banking and senior check-ins, with potential government subsidies to maintain rural mail access.
Duolingo has integrated AI to enhance user engagement, such as through video calls with AI avatars that adapt to users' language proficiency. The app also uses gamification, like friend streaks and animations, to keep users motivated. These innovations have helped Duolingo grow its user base and achieve profitability.
English is the most studied language on Duolingo, with nearly 50% of users learning it. This reflects the app's role in helping people acquire language skills for practical purposes, such as improving job prospects, rather than just for leisure or travel.
The platform release strategy involves initially showing a movie in a limited number of theaters to build word-of-mouth and demand. 'Anora' started in just six theaters, achieving high per-screen revenue, and gradually expanded. This approach focuses on quality and buzz rather than immediate widespread distribution, making it effective for indie films.
Streaming has shifted the focus from individual movie releases to platform subscriptions, leading to fewer risks taken on smaller films. Many indie movies are now made directly for streaming, reducing their theatrical presence and limiting audience choice in theaters.
The AI revolution has produced some surprising winners and losers. On this week’s TLDR, why everyone’s favorite language learning app is coming out strong. Plus, Canada Post has been hemorrhaging money. Should it be allowed to? And, what the buzz around Anora teaches us about making money at the movies.
This episode was hosted by Devin Friedman, business reporter Sarah Rieger, former hedgefunder Matthew Karasz and cultural commentator Elamin Abdelmahmoud. Follow us on other platforms, or subscribe to our weekly newsletter: linkin.bio/tldr
The TLDR Podcast is offered by Wealthsimple Media Inc. and is for informational purposes only. The content in the TLDR Podcast is not investment advice, a recommendation to buy or sell assets or securities, and does not represent the views of Wealthsimple Financial Corp or any of its other subsidiaries or affiliates. Wealthsimple Media Inc. does not endorse any third-party views referenced in this content. More information at wealthsimple.com/tldr.