Will Netflix get tough on subscription sharing as its stock drops?

Can Netflix bounce back? Stock cratered, subscribers canceled

Netflix announced on Tuesday that it lost subscribers for the first time in more than a decade. Photo by Shutterstock.

Netflix’s shares dropped by nearly 40% today. It announced on Tuesday that it lost subscribers for the first time in more than a decade. The company says the easing of the pandemic was partially to blame for the losses — plus inflation as people were trying to cut household costs. Shares for the other streamers are also down today. 

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