From Couches To Trading Floors: Dissecting The Impact Of Netflix's Password-Sharing Crackdown On Its Stock Price
Portfolio Pulse from Zaheer Anwari
Netflix has implemented a crackdown on password sharing, affecting nearly half of its global user base, in an attempt to revive declining subscription rates. However, users have found a workaround using a VPN app called Meshnet. Since the crackdown, Netflix's stock price has surged over 11%.
June 01, 2023 | 2:58 pm
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Netflix's crackdown on password sharing has led to an 11% surge in its stock price, but users have found a workaround using the VPN app Meshnet. The company faces resistance levels that could impede stock price growth.
Netflix's crackdown on password sharing is an attempt to increase subscription rates and revenue, which could positively impact its stock price. However, the emergence of the VPN app Meshnet as a workaround could potentially dampen the positive effects. The stock price has surged 11% since the crackdown, but the company faces resistance levels that could impede further growth. The stock's future performance will depend on Netflix's ability to address the VPN loophole and overcome resistance levels.
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