Netflix shares have risen by more than 30% since the start of this year, close to their 2021 peak. However, they were almost 5% lower after the announcement. Netflix says its profits have soared in the first three months of this year, partly thanks to a crackdown on password sharing. The streaming giant said it added 9.3 million customers in the first quarter, bringing its total number of subscribers to almost 270 million. Has the world become addicted to screens ?

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