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  • Writer's pictureIlluminateIC Staff Writers

Netflix Shares Crater Around 25% as Service Loses 200,000 Subscribers in Q1

Netflix's quarterly subscriber loss — its first in a decade — has sent shockwaves through the entire streaming industry. For years Wall Street rewarded Netflix with an outsized market value for its ability to keep expanding its user base. Now, reality is setting in.

Expecting to lose another 2 million users in Q2, Netflix said it will crack down on account sharers, up its content game ... and (shudder) ponder ad-supported streaming

Courtesy: Market Watch

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