Netflix raised prices recently. And yesterday, they announced that they lost 200,000 subscribers: the first time they’ve lost users in a decade! Netflix’s stock plunged 25 percent in extended trading after the streaming service revealed in its quarterly earnings report out yesterday (April 19th).
They also announced that they’re rolling out a cheaper version with ads… but it may not happen for another year or two.
Netflix has always resisted the idea of an ad-supported version, but they’re embracing it now as a way of bringing in new subscribers. Plus they’re also seeing it work for competitors like Hulu and Peacock.
Netflix will also be blocking the sharing of accounts. So if you’re still using your ex’s brother’s roommate’s password, you may want to consider getting your own subscription.
Source: Uproxx
