Netflix is adopting techniques it had disregarded for years as it feels the heat of increased competition for your attention and membership account. The end of Netflix password sharing is coming.
Netflix has been sued by shareholders who suffered significant losses and damages for lying about the company’s growth and its failure to retain subscribers.
Video streaming-related stocks have suffered losses as of late, with Roku down nearly 6%, Walt Disney down 5%, and Warner Bros Discovery down 3.5 percent. But by far the most notable among them is Netflix, who lost $40 billion after the Russia exit.
The market value of Squid, a new crypto token based on Netflix’s hit series ‘Squid Game’, has dropped almost to zero after skyrocketing to $2,850 per coin in a day, with investors reporting they are unable to withdraw their funds.