Netflix is losing significant numbers of users for the first time
Video streaming giant Netflix blamed password sharing, inflation, the Russia-Ukraine war, and inflation for a 200,000 drop in subscribers in Q1, as shares plummeted by over 25% on the news.
The streaming service had forecasted a 2.5 million user growth for the period, and is now instead predicting a further loss of 2 million users for the next quarter, announced as part of its Q1 earnings. Regardless of this, it posted a 10% revenue growth for Q1 2022, while a $2 billion operating income was app
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