Streaming platform Netflix is losing subscribers en masse.
According to CNN, Netflix lost about 200,000 subscribers in the first three months. Such a decline in the company is explained by two factors: the war in Ukraine (Netflix left the Russian Federation because of the war) and an increase in subscription prices.
and lost thousands of subscriptions, something the company hasn't seen in over a decade.
The company is expected to lose another 2 million customers in the second quarter of 2022.
Against this backdrop, Netflix shares fell by 25%.
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