Is Netflix Dying?
So in recent weeks we've been hearing about how streaming services are losing subscribers and their revenues are hurting, however in recent days we've been hearing more and more about Netflix, the companies stock is down 65% over the last 6 months and and dropped over 30% in a single day after announcing they had lost 200K users and expected to lose another 2 Million by Summer.
Netflix has recently had to raise prices, and recently announced they have over 100 Millions users Worldwide who are piggybacking off friends and families accounts, sharing passwords and not paying for their services so they're planning a crackdown on that. And this all comes at a time when Netflix has more competition than ever from Hulu, Disney+, and a number of other services from television networks like Showtime, HBOMax and others.
It also seems like people in general are souring on Netflix as a service with some claiming Netflix is going woke and turning them off with the tone of their content. In today's video we discuss if Netflix is dying.
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