Netflix’s streaming woes are about more than password sharing

Netflix lost subscribers in Q1 2022 for the first time in over a decade, while predicting it would lose 2 million more by June thanks to its crackdown on password sharing. And Wall Street ran screaming. According to CNBC, Netflix’s stock plummeted 35%, losing the brand $ 50 billion in value.

What’s truly to blame for the Netflix exodus though? Everyone has an opinion: Ballooning subscription costs, weak programming, the bursting pandemic bubble that kept people at home and glued to screens for two years, or the “woke mind virus,” as one supposed genius suggested.

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