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IPFS News Link • Business/ Commerce

Netflix Planning Crackdown, 10% of US Population Potential Targets --

• https://www.westernjournal.com by Richard Bledsoe

Evidence of that vulgar assertion came in a financial filing Tuesday by Netflix, the streaming service that has proudly embraced divisive left-wing programming that fits that description.

In the first quarter of 2022, the company lost 200,000 paid subscribers, the first decrease like that in over a decade. Even worse, Netflix predicted the losses will soar to 2 million in the second quarter.

The company's stock plummeted in the wake of the news, from $348.42 on Tuesday to $215.52 on Friday — a 38 percent drop.

Don't worry, though, Netflix has a plan to counter the collapse and prop up the sinking stock: It says it will be coming after those who watch using shared passwords.

CNBC reported on strategy, calling it a "dark day for your ex-boyfriend's brother."

Netflix said it currently has 222 million subscribers around the world. The audience for the platform surged while people were trapped in their homes during the poorly conceived and ineffective COVID-19 lockdowns.


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