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Netflix Shares Drop

Shares in Netflix have slumped by 35% after it revealed a sharp drop in subscribers and warned millions more are set to quit the streaming service. It wiped more than $50bn off the firm’s market value as experts warned it faced a struggle to get back on track. Netflix faces intense competition from streaming rivals, but was also hit after it raised prices and left Russia. The platform plans to crack down on password sharing, estimating that more than 100 million non-paying households watch the service this way and bringing in a free ad-supported service. Do you think that the Russia- Ukraine War has an influence in this ?

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