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Netflix misplaced shoppers for first time in a decade, considers less expensive tier with commercials

Netflix posted its quarterly file the previous day, and the numbers for January-March regarded uninspiring. The streaming corporate anticipated so as to add 2.5 million subscribers, however as a substitute, it misplaced 200,000 for the primary 3 months of the calendar 12 months.

The quantity tanked the corporate inventory, which misplaced over 25% in after-hours buying and selling

Reed Hastings, Netflix CEO, mentioned he individually was once in opposition to “the complexity of promoting” and prefers “the simplicity of subscription” however he’s additionally “keen on shopper selection”, that means the corporate is thinking about an advent of a less expensive tier with commercials.

All through…

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