Netflix lost subscribers but the stock price rose. Why? Let's Discuss!

If you’re reading this, chances are you have a Netflix account. If you’re a Jugaadu Joe sharing it with your friends and family, Netflix’s CEO would like to have a word with you.

Reed Hastings (joint CEO, Netflix) wants to “crackdown on password sharing and move to a subscription model based on advertising support”.

The feature will basically lock Netflix to one device. If users want to use the same account on another device, they’ll have to pay as high as $3 in some countries.

Of course, users can add or remove homes at any time using the “Manage Home”. But more devices would mean more money. Jugaadu Joes in India may not have to worry for now.

The “stop password sharing” feature is being tested in Argentina, Dominican Republic, El Salvador, Guatemala, and Honduras. Why is Netflix doing this? Read here - Finance Unwrapped: 18th July to 22nd July | Dhan Blog

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