THREAD--
The Netflix Story:
--Netflix's stock price dropped by 25% on Tuesday after the firm announced that its subscriber base decreased in the first quarter of this year(lost 200,000 subscribers).
--It is the first time in a decade Netflix has lost subscribers(after 2011).
The Netflix Story:
--Netflix's stock price dropped by 25% on Tuesday after the firm announced that its subscriber base decreased in the first quarter of this year(lost 200,000 subscribers).
--It is the first time in a decade Netflix has lost subscribers(after 2011).
--The Streaming service giant has also projected that it will lose another 2 million subscribers in the ongoing second quarter.
--Netflix says that over 100 million households, including over 30 million in the US and Canada,share their accounts.
--Netflix says that over 100 million households, including over 30 million in the US and Canada,share their accounts.
--Slowing growth is also attributed to rising inflation, sluggish economic development, continuous interruption from covid and uncertain geopolitical situation such as Russia's invasion of Ukraine. Netflix lost roughly 700000 subscribers after shutting down its service in Russia.
Now, To overcome the situation:
--Netflix is planning to launch low-cost advertising-supported subscriptions, reversing its previous stance against advertising on the platform.
--Netflix is also looking to crackdown on password sharing.
#Netflix
If you liked the thread, do RT😁
--Netflix is planning to launch low-cost advertising-supported subscriptions, reversing its previous stance against advertising on the platform.
--Netflix is also looking to crackdown on password sharing.
#Netflix
If you liked the thread, do RT😁
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