Netflix lost customers for first time in a decade, considers cheaper tier with ads

Netflix posted its quarterly report yesterday, and the numbers for January-March looked uninspiring. The streaming company expected to add 2.5 million subscribers, but instead, it lost 200,000 for the first three months of the calendar year. The number tanked the company stock, which lost over 25% in after-hours trading Reed Hastings, Netflix CEO, said he personally was against “the complexity of advertising” and prefers “the simplicity of subscription” but he is also “a fan of consumer choice”, meaning the company is considering an introduction of a cheaper tier with ads. During...

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