• About
  • Advertise
  • Contact
Monday, May 23, 2022
  • Login
WRITE FOR US
Economy.pk
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
No Result
View All Result
Economy.pk
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
Economy.pk

Netflix loses $40 Billion in Stock and 200,000+ users exit

byUsman Ahzaz Mufti
April 20, 2022
in Entertainment
Reading Time: 1 min read
0
netflix
112
SHARES
4.1k
VIEWS
Share on FacebookShare on Twitter

Netflix has said that geopolitical tensions — led by the war in Ukraine that triggered a suspension of services in Russia — rising inflation, fierce competition, and some Covid-related disruptions have contributed to the loss of some 200,000 subscribers in the first quarter of this calendar year.

RelatedPosts

Pakistan’s first hand-drawn film “The Glassworker” selected for Annecy Animation Festival 2022

Four new parks opened in Karachi

British-Pakistani actor Riz Ahmed wins Oscar for ‘The Long Goodbye’

The abrupt shift in fortune for the streaming platform comes after months of success during strict pandemic-related lockdowns. Netflix has lost nearly half of its value since January, when the firm warned of weak subscriber growth.

The company expects deeper losses ahead, as inflation and fierce competition contribute to a heavy decline in the number of users apart from the Russia exit. The streaming platform forecasts it would lose two million subscribers in the spring quarter.

Netflix is reportedly contemplating offering a lower-priced version of the service with advertising to tackle lagging subscriber growth. Similar offerings from rivals HBO Max and Disney+ have proved to be a hit.

Usman Ahzaz Mufti

Usman Ahzaz Mufti

Related Posts

Pakistan's first hand-drawn film "The Glassworker" selected for Annecy Animation Festival 2022

Pakistan’s first hand-drawn film “The Glassworker” selected for Annecy Animation Festival 2022

Usman Riaz's The Glassworker is one of eight feature films from around the world selected for the Work In Progress...

Four new parks opened in Karachi

Four new parks opened in Karachi

The city's government is trying to open and renovate more parks as the hot and dry weather continues in Karachi...

Next Post
Rs3.75 billion released for Lahore’s Orange Train, metro bus

Rs3.75 billion released for Lahore’s Orange Train, metro bus

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

parvez elahi

NO-TRUST Motion Against PA Speaker Parvez Elahi Dismissed

Engineering university to be built as tribute to Dr AQ Khan

Engineering university to be built as tribute to Dr AQ Khan

Pakistan proposes including Turkey in multibillion dollar CPEC project

Pakistan proposes including Turkey in multibillion dollar CPEC project

imran khan

EX PM Imran Khan Announces Islamabad Long March on May 25

shahbaz fayyaz qawwal

Exploring The Art of Qawwali with Shahbaz Fayyaz Qawwal

SHC directs NGO to provide treatment to four elephants at Karachi Zoo, Safari Park

SHC directs NGO to provide treatment to four elephants at Karachi Zoo, Safari Park

Connect with us

Twitter

Economy.pk

Economy.pk touches diverse topics with a lighter note and is geared toward audiences with various interests and all ages. Come and explore Economy.pk. Ample details and analysis are provided in extraordinarily readable manner making them compelling and interesting at the same time.

Category

  • World
  • Politics
  • Business
  • Technology
  • Education
  • Health
  • Life & Style
  • Opinions

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin

Sitelinks

  • Sitemap

Download our APP

download on android app download on apple app
  • About
  • Advertise
  • Contact

© 2020 All Rights Reserved Economy.pk | Designed & Developed by Digital Otters

  • LATEST
  • World
    • Europe
    • Americas
    • Asia
    • Oceania
    • Africa
    • Canada
    • Middle East
  • Finance
  • Politics
  • Business
    • Economy
    • Finance
    • Entrepreneurship
    • Real Estate
  • Technology
    • Cyber Security
    • Mobiles
    • Social Media
  • Education
  • Sports
  • Life & Style
    • Personalities
    • Art
    • Culture
    • History
    • Entertainment
    • Fashion
    • Food
    • Health
      • Environment
      • Fitness
  • Sponsored

© 2020 All Rights Reserved Economy.pk | Designed & Developed by Digital Otters

No Result
View All Result

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?