Netflix Crashes on 200k subscribers loss and revenue for Q1 first time in more than 10 years Netflix has lost subscribers EMWNews

Netflix Crashes After Report (NASDAQ: NFLX) 25%+ LOSS in minutes

Netflix stock is down in after-hours trading following its big miss on subscribers and revenue for Q1. Netflix service lost 200,000 subscribers in Q1 as of March 31 — the first time in more than 10 years Netflix has lost subscribers during a quarter. The company projected it will lose 2 million more subscribers in the second quarter.

Netflix said more than 100 million global households use a shared password, with more than 30 million of those in the U.S. and Canada and suggests a global crackdown is coming.

Netflix suggested it will begin to make accounts that share passwords pay up.

Netflix has long ignored password sharing because it has been growing without cracking down on it, but the company announced it lost subscribers in the first quarter for the first time in more than a decade.

Netflix, the world’s largest streaming video company, warned a global crackdown on password sharing is coming. It seems like a serious warning this time, and it could mean an end to the rampant practice of borrowing a family member’s or friend’s — or loose acquaintance’s — login information.

It is estimated by 2031 the total cost of #ransomware attacks a year will reach $265B. With the cybercrime rate rising each year, prepping for potential attacks is extremely important. Keeping your #identity, your finances, and your #data protected is more important than ever.

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