Truth, but the reality is just that the Netflix dopamine hit wore off, and now there are so many other services that people are gonna trim here and there.
They are saying they are going to lose customers because of the crack down on password sharing which they say is 100m subscribers and introduce advertising.
Look:
"Netflix hints at password sharing crackdown as subscribers fall"
Truth, but the reality is just that the Netflix dopamine hit wore off, and now there are so many other services that people are gonna trim here and there.
It's 200k subscribers not 2m. and 700k were the Russians they cut off.
700k lost, 500k gained = 200k lost
the share price drop is because they didn't meet their own forecasts :
This last one is the headline subs loss
They gained 500k subs.
They are saying they are going to lose customers because of the crack down on password sharing which they say is 100m subscribers and introduce advertising.
Look:
"Netflix hints at password sharing crackdown as subscribers fall"
https://www.bbc.co.uk/news/business-61153252
Boss Reed Hastings said Netflix was looking at launching a free ad-supported service like its rivals Disney and HBO.
Analysts say it could open a significant new revenue stream for the company, which has so far shunned advertising.