Netflix Drops After Reporting Loss in Subscribers, Also Company is finding ways to purge the non account holders that share accounts.

Netflix's disastrous earnings report is worse than we thought

-25%, ouch

Losing over so much Subscribers of a service in the first quarter of a year is doomsday for other subscription based companies. Disney next?

Dropping like a brick.. Sure this is normal for the cryptos but for big tech companies.. the bubble is about to pop and it will pop.

Netflix is forecasting a global paid subscriber loss of 2 million for the second quarter. The last time Netflix lost subscribers was October 2011.

2 million.. that's a kick lower belt style. It will be a gnarly blood bath to say the least. Losing over 25% ouch. Netflix speculates that the suspension of its service in Russia and the winding-down of all Russian paid memberships resulted in a loss of 700,000 subscribers.

Still though Netflix reported revenue of $7.87 billion for the first quarter of 2022 during Covid times it was on a killing rampage, since most things are open Netflix is out the window and more and more people are out and about not taking the fresh air for granted.

I expect to be more blood on the streets.