NFLX down like 40% in a day after reporting losing 200k customers

It expects to lose 2m this year. It has like 220m though.

Reasons: saturation in US (has like 90% of that market), competition with other streaming services (like Disney which is what anyone with kids maybe pays for). Cutting off Russia cost around 700m subscribers. Musk said wokeness was making shows unwatchable.

Netflix is considering running ads (doesn't now) and not allowing password sharing.