Netflix shares are trading higher following a report suggesting the company saw an increase in subscriptions following its password sharing crackdown.
Portfolio Pulse from Benzinga Newsdesk
Netflix shares are trading higher after a report indicated an increase in subscriptions following the company's crackdown on password sharing.
June 09, 2023 | 1:14 pm
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Netflix shares are trading higher due to increased subscriptions after the company's crackdown on password sharing.
The report suggests that Netflix's crackdown on password sharing has led to an increase in subscriptions, which is a positive development for the company's revenue and growth. This news is directly related to Netflix's business strategy and is likely to have a positive impact on its stock price in the short term.
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