By FactsWow Team
Posted on: 23 Dec, 2022
Netflix lost $54 billion overnight in 2022, and to recoup its losses, it will finally crack down on password sharing in 2023.
Credits: Software 4 Download
When Netflix released its first-quarter report for 2022 in April and the realization set in that it had lost all those billions, sources first suggested that the great password-sharing crackdown was likely on the horizon.
Then, it was revealed in an October shareholder report that Netflix would formally begin charging for password-sharing in early 2023.
The password-sharing shift has been further addressed by Netflix CEO Ted Sarandos, who acknowledged it to investors this month.
Over 100 million Netflix users currently use borrowed passwords to access the site, claims Netflix.
Credits: Kim Komando
To reduce password sharing, the business has stated that it will monitor things like account activity, IP addresses, and device IDs.
Credits: Microsoft Apps
Netflix has a new subscription of $6.99 ad-supported launched in November, with a basic subscription of $9.99, a standard plan of $15.49, and a premium plan of $19.99.
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