L4sBotAug 29, 2023

200,000 users abandon Netflix after crackdown backfires

https://lemmy.world/post/4077583

200,000 users abandon Netflix after crackdown backfires - Lemmy.world

200,000 users abandon Netflix after crackdown backfires::Aussies have spoken, and the results are not looking good for Netflix. A new report reveals why users are turning to streaming competitors.

Show thread1bluepixelAug 29, 2023

This article is specifically about Australia. Globally, Netflix added 5.9 million subscribers after their password-sharing crackdown.

I hate to say it, but the crackdown worked exactly as intended.

www.bbc.com/news/business-66240390

Netflix password crackdown fuels jump in subscribers

The boss of the streaming giant also calls for an end to the strikes disrupting Hollywood.

BBC News
Show threadBlaiddAug 29, 2023
And yet their stock dropped massively after revealing the 5 million gain because investors realize that it was a one time boost that won’t help them in the long run.
Show threadagitatedpotato
They essentially showed the market their firm cap for revenue, and the market was like ‘uhh thats it?’
Aug 29, 2023 at 5:21pmWeb