Who’s making money in Big Tech?

The end is nigh for the Chevy Bolt.

General Motors plans to end production of the Chevy Bolt EV and EUV at the end of 2023, GM CEO Mary Barra announced in an earnings call Tuesday. The company plans to use the capacity at its Orion Township, Michigan, assembly plant to build electric trucks starting in 2024.

Spotify says over half a billion people, 515 million to be exact, use its streaming service on a monthly basis as of March 31st. That’s an increase of 22 percent compared to last year, or 5 percent versus last quarter. Spotify said the user growth exceeded its guidance by 15 million, with CEO Daniel Ek commenting that the results represented the service’s second largest quarter of user growth in its history. Paid subscribers, meanwhile, now sit at 210 million, a 15 percent increase year-over-year.

The audio streaming service hit the milestone during a quarter of streamlining and cost cutting. In late January the company announced it would be laying off 6 percent of its global workforce, which is estimated to impact nearly 600 staff. More recently Spotify also announced that it’s shutting down a couple of side projects, including its Clubhouse-style Spotify Live audio app, and Wordle-style music game Heardle. CEO Daniel Ek said during the company’s last earnings call that Spotify’s key priorities for 2023 are “speed and efficiency.”

Tesla will have a delivery event for its long-delayed Cybertruck in the third quarter of 2023, Elon Musk said during an earnings call with investors Wednesday.

After more than three years since its initial announcement, Cybertruck production is expected to start this summer — though Musk has said that volume production won’t begin until next year.

Tesla published its first quarter earnings report in which the company said it earned $2.9 billion in net income on $23.3 billion in revenue. That represents a 24 percent increase year over year compared to $18.7 billion in revenue in Q1 2022.

Most importantly, the company’s gross margins fell to 19.3 percent, a sign that its rampant price cutting was starting to take a toll on its bottom line. Gross margins were down 18.9 percent quarter-over-quarter, and 33 percent year-over-year.

The DVDs were never the point. Even in 1998, when the company mailed its first DVD — the 1988 cult classic Beetlejuice, in case you’re wondering — it was already imagining a world without discs. The company was called Netflix, after all, not DVDsByMail. It started a streaming service practically as soon as internet bandwidth would allow and bet everything on the internet being much more powerful than physical media. It was extremely right.

Now, Netflix is officially getting out of the DVD business. The company announced along with its quarterly earnings that it is planning to shutter DVD.com, which is the new name for its DVD by mail business. (You might remember when Netflix tried to spin out this business under the name Qwikster, which remains one of the worst product names of all time and lasted all of about a week. But the less we talk about Qwikster, the better.) It will ship its last discs on September 29th, and I have a sneaking suspicion you won’t need to return them.

Netflix, which started as a company that shipped DVDs by mail, is winding down its DVD business. It will ship its final discs from DVD.com on September 29th, the company announced on Tuesday.

“After an incredible 25 year run, we’ve decided to wind down DVD.com later this year,” Netflix said in a blog post. “Our goal has always been to provide the best service for our members but as the business continues to shrink that’s going to become increasingly difficult.”