Netflix shares are trading higher amid overall market strength following a tentative debt ceiling bill. The company also recently rolled out its password sharing crackdown.
Portfolio Pulse from Benzinga Newsdesk
Netflix shares are trading higher due to overall market strength following a tentative debt ceiling bill and the company's recent crackdown on password sharing.
May 30, 2023 | 4:03 pm
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Netflix shares are trading higher due to overall market strength and the company's recent crackdown on password sharing.
Netflix shares are trading higher due to two factors: 1) overall market strength following a tentative debt ceiling bill, which positively impacts the entire market, and 2) the company's recent crackdown on password sharing, which could lead to increased revenue as more users are required to pay for their own subscriptions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100