Netflix Cracks Down on Password Sharing, Adds Millions of New Subscribers
- Netflix gained 5.9 million new subscribers in the second quarter after expanding its crackdown on password sharing.
- The company beat earnings expectations but fell slightly short on revenue projections, causing a stock drop.
- Netflix introduced cheaper ad-supported plans and removed its lowest-priced ad-free option.
- Ongoing strikes by Hollywood writers and actors have disrupted content production.
- Netflix aims to accelerate revenue growth through pricing changes, advertising, and preventing password sharing.
















































































