Netflix's Stock Drops Despite 5 Million New Subscribers Amid Password Crackdown Disappointment πŸ“‰

Netflix saw a boost of over 5 million new subscriptions after tightening password sharing, but Wall Street remains disappointed, causing its stock to fall the most this year.

Netflix's Stock Drops Despite 5 Million New Subscribers Amid Password Crackdown Disappointment πŸ“‰
Bloomberg News
2.0K views β€’ Jul 20, 2023
Netflix's Stock Drops Despite 5 Million New Subscribers Amid Password Crackdown Disappointment πŸ“‰

About this video

#Netflix was able to add over 5 million subscriptions since cracking down on password sharing, but that's not enough for #WallStreet -- The #streaming service saw #stock shares fell the most this year after the company projected third-quarter revenue that fell short of estimates, Bloomberg's Caroline Hyde explains. #investing #tech #earnings #stockmarket #finance

--------
Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm
Subscribe to Bloomberg Originals: https://www.youtube.com/BloombergTV

Bloomberg Quicktake brings you global social video spanning business, technology, politics and culture. Make sense of the stories changing your business and your world.

Connect with us on…
YouTube: https://www.youtube.com/user/Bloomberg
Breaking News on YouTube: https://www.youtube.com/@BloombergQuicktakeNow
Twitter: https://twitter.com/quicktake
Facebook: https://www.facebook.com/quicktake
Instagram: https://www.instagram.com/quicktake

Video Information

Views

2.0K

Likes

42

Duration

0:56

Published

Jul 20, 2023

User Reviews

4.5
(1)
Rate:

Related Trending Topics

LIVE TRENDS

Related trending topics. Click any trend to explore more videos.