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Netflix loses subscribers for first time in more than 10 years

Netflix loses subscribers for first time in more than 10 years
[Image: guardian]

The number of Netflix subscribers has fallen for the first time in more than a decade.

The streaming company lost 200,000 members in the first three months of the year.

The decline came after the firm raised prices in key markets including the US and UK, while pulling out of Russia.

But Netflix warned that more losses are coming, and it hinted it will start to crack down on account sharing as it pushes to sign up new members.

[Source: BBC]

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