Netflix Stock Jumps Friday - Its Latest Move is Working
Portfolio Pulse from Anusuya Lahiri
Netflix stock is trading higher following reports of increased subscriptions due to the company's recent password-sharing crackdown. The streaming service saw more new subscriptions in the U.S. between May 25-28 than in any other four-day period since 2019. Shares of Netflix have risen by 13% since the crackdown took effect on May 23.
June 09, 2023 | 1:36 pm
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Netflix's password-sharing crackdown has led to a significant increase in new subscriptions, resulting in a 13% rise in the company's stock since May 23.
The article reports that Netflix's recent crackdown on password-sharing has led to a significant increase in new subscriptions, with the highest four-day subscription growth since 2019. This has had a positive impact on the company's stock, which has risen by 13% since the crackdown took effect on May 23. The news is highly relevant and important for investors, as it indicates a successful strategy to boost subscriptions and revenue, leading to a positive short-term impact on the stock price.
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