Scaringe says Rivian is still working on its months-to-years long backlog and ramping up production to meet it.
“It’s an incredibly high-cost problem to have,” he said. But he doesn’t want to get rid of it entirely. “It’s good to have some backlog.”
He questioned whether it should be six months of backlog or more like a year and a half. I heard an audible “Yiiiiick,” from a woman behind me.
He’s being interviewed by Verge EIC Nilay Patel and CNBC senior media and tech correspondent Julia Boorstin.
Day one kicks off with Rivian CEO RJ Scaringe, AMD CEO Lisa Su, Roblox CEO David Baszucki, and Warner Music Group CEO Robert Kyncl.
The Verge’s editor-in-chief, Nilay Patel, is cohosting, and naturally we’ll be there to cover the big interviews.
The event starts later today, so tune in then for live coverage. The first interviews start a bit after 6PM ET.
Netflix has a new teaser out for its game show version of Squid Game, which looks uncomfortably close to the actual dystopian series. (Minus, critically, all the death.)
The production quality looks just a bit nicer than MrBeast’s immensely popular knockoff. It’s out on November 22nd.
Snap wanted to get 4 million people subscribed to its $3.99/month service by the end of 2022. Turns out, it probably happened about 6 months later. The last milestone Snap disclosed was hitting 3 million subscribers in April.
“Apple’s artificial constraints are stifling and we know our users deserve better,” Dustee Jenkins, Spotify’s public affairs officer, wrote in a blog post today.
Jenkins sounds cautiously optimistic about the EU’s Digital Markets Act. But until similar rules are enacted elsewhere, she writes:
Apple denies consumers’ ability to choose for themselves, forcing them to pay more for apps, limiting their user experience and preventing them from hearing about cheaper options.