Netflix Pulls The Plug On Password Sharing: The Details
Portfolio Pulse from Adam Eckert
Netflix announced its crackdown on password sharing outside of households in the United States. The company is rolling out new features to help members transition, including transferring profiles to new membership accounts and adding an extra member for $7.99 a month. Netflix shares closed Tuesday down 1.93% at $355.99.
May 23, 2023 | 8:30 pm
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NEGATIVE IMPACT
Netflix's crackdown on password sharing and introduction of new features may impact its user base and revenue. Shares closed down 1.93% at $355.99.
Netflix's crackdown on password sharing may lead to a decrease in the number of users sharing accounts, potentially impacting the company's user base and revenue. The introduction of new features to help members transition may mitigate some of the negative effects, but the stock price has already shown a decline of 1.93%.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100