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Netflix's Subscriber Loss: A Closer Look at the recent upheaval
A Relief in the Face of Crisis?
For many companies, losing a million subscribers would be a catastrophic blow, yet Netflix seems to be navigating these turbulent waters with surprising restraint. Recent reports reveal that the streaming giant suffered its largest subscriber decline in history, losing nearly 1 million subscribers in the second quarter—a stark contrast to their usual growth and success. Despite the initial chaos, investor sentiment appears to be somewhat optimistic, as indicated by a stock rebound of over 10% after hours, signaling that the worst might be over.