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Netflix Reports First Subscriber Loss In A Decade

Let's face it we're only here until Ozark ends…
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Netflix Reports First Subscriber Loss In A Decade

Netflix Q1 reports show a 200K reduction in subscribers. The company attributes the losses to increasing streaming service competition, the Ukraine conflict, and its recent stance against password sharing. Early forecasts for the quarter were 2.5M customers gain, but the reality has surprised many. 

The market doesn't like surprises. Following the news, the streaming service's stock dropped 37%, marking the company's worst day in ten years.

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