this post was submitted on 20 Jul 2023
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Netflix Adds Nearly 6 Million Subscribers Amid Password Sharing Crackdown in Q2 (variety.com)
submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world
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Netflix Adds Nearly 6 Million Subscribers Amid Password Sharing Crackdown in Q2::Netflix released its Q2 earnings results Wednesday, including its new subscriber tally.

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[–] lando55@lemmy.world 9 points 1 year ago

This strategy still seems very shortsighted. It was apparent that subscriptions would increase in the early days of password sharing restrictions, but once people realize they are paying a premium for a dwindling catalog of quality content and mediocre originals, these figures are likely to drop sharply.

But hey, the investors are shortsighted anyway and don't really care about sustainable growth when they can just pump and dump.