Press "Enter" to skip to content

Netflix’s stock has plunged more than 35% + global password sharing block coming

The company has also announced that it will begin phasing in a global password sharing ban. On Wednesday, the company announced such moves against the backdrop of their stock plunging more than 35%.

Stocks reportedly plunged amid reports that the company is struggling to keep up with its competition. Rivals like Disney+; Amazon Prime, Paramount Plus and others have made it increasingly enticing to leave Netflix for wide-ranging offering at competitors usually for much less than Netflix.

For the first time in more than a decade, the company reported a total of 200,000 subscriber losses. The news has ignited sort of a disaster run *away* from Netflix amid fears that the company just isn’t what it once was anymore. Several social media users across various platforms all report a very basic generalized idea that there just isn’t often much to watch.

According to CNBC, Netflix estimates that more than 100m households are engaging in password sharing activities.

Comments

comments

See also  Flight attendant hits woman midflight, people on plane freak out

Be First to Comment

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

en_USEnglish
Cookie Consent with Real Cookie Banner Skip to content