Password Sharing Isn’t to Blame for Netflix’s Downfall — Bad Programming Is

Published by
InsideHook

By Bonnie Stiernberg Earlier this week, Netflix madea shocking admission, revealing in its first-quarter 2022 earnings report that it lost 200,000 subscribers in Q1 and expects to lose as many as 2 million more during Q2. In other words, the streaming service — once a trail-blazer in its field — is hemorrhaging paying customers. That’s obviously terrible news for the company, whose stock dropped a whopping 25 percent as a result of the announcement. And it seems to have been a surprise to everyone involved: Netflix actually projected it would add subscribers during Q1 of this year — specifical…

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