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Netflix subscribers fall for first time in a decade, shares plunge 23% (mastodon.social)

submitted 2 years ago by angarabebesi@lemmy.ml to c/technology@lemmy.ml

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It looks like Netflix lost around 700,000 customers in Russia, which is making their numbers look bad. They expect to lose 2.5 million more customers.

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[–] geotechland@lemmy.ml 1 points 2 years ago

Yeah they can't keep raising the prices. Especially when they now have competition. Altho the newcomers are pricing their services competitively to steal marketshare. If they were in the same position netflix is in now, they'd likely do the same.