Explaining The Netflix Stock Crash

Netflix announced a significant subscriber decline for the first time in over a decade, losing 200,000 subscribers in Q1 2022 and forecasting a loss of 2 million in Q2. This led to a 35% drop in stock value, with increased competition, inflation, and the impact of pulling out of Russia contributing to the decline. Despite this, Netflix remains a leading streaming service with 221 million subscribers. The company is also addressing password sharing, which affects 100 million users.

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