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The Latest Breaking News from Reed Hastings

Morning Brief: Top Financial Stories Dominating on Wednesday, April 20

CNBC

Benzinga

Netflix loses $47 billion in value as stock plunges 30%

Netflix’s withdrawal from Russia resulted in a loss of 700,000 customers.

Evening Standard

Netflix Stock Plummets, Shedding $50 Billion in Value, As Viewer Exodus Prompts Ad Strategy Re-Think

"Allowing consumers who would like to have a lower price and are advertising-tolerant get what they want makes a lot of sense," said CEO Reed Hastings.

The Street

From analysis to the latest developments in health,
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Stocks Mixed, Netflix Pounded, IBM Impresses, Tesla and Twitter In Focus - 5 Things You Must Know

Stock futures mixed as Treasury yields rise, earnings underwhelm; Netflix shares pummeled as subscriber exodus prompts advertising re-think; IBM shares rise after solid earnings, robust cloud revenue outlook; Tesla earnings on deck with margins, outlook in focus and Twitter shares jump as Elon Musk drops another 'tender' hint.

The Street

Netflix could introduce adverts as it loses 200k subscribers and hikes prices

Netflix users have said that they will cancel their monthly subscription service if the US streaming giant decide to introduce adverts after a price hike last month.

Edinburgh Live

Netflix considers adverts and ending account sharing after drop in subscribers

Around 100 million watch Netflix for free by sharing passwords with other households

Chronicle Live

Netflix Shares Plunge as Subscribers Drop

Netflix shares lost a quarter of their value Tuesday after the company revealed its ranks of subscribers shrank in the first quarter of this year. It was the first time in a decade that the leading streaming television service had lost subscribers.

Asharq Al-Awsat

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Netflix may start showing adverts - and unveil big password rule change

US streaming giant Netflix estimates that besides its almost 222 million paying households, the service is being shared with an additional 100 million homes across the world

Daily Mirror

Password Sharing Woes, Ads, 'ARM,' Price Hikes And More: Key Takeaways From Netflix's Q1 Earnings Call

Netflix Inc (NASDAQ: NFLX) stock lost more than a fourth of its market capitalization in extended trading on Tuesday after the streaming giant's

Benzinga

Netflix loses subscribers for first time in 10 years

The company has hinted it may crackdown on password sharing

Evening Standard

Netflix aims to curtail password sharing - and bring in ads

An unexpectedly sharp drop in subscribers has Netflix considering changes to its service that it has long resisted: minimizing password sharing and creating a low-cost subscription supported by advertising

The Independent UK

Netflix Launched Its Website 24 Years Ago: A Timeline

This article was originally published on April 16, 2022 The streaming giant has come a long way since launching its first product. Reed Hastings and Marc Rudolph decided to mail themselves a DVD in 1997, and after the DVD arrived unscathed, the idea for Netflix was born.

Benzinga

Disney and Netflix Struggle Getting India to Subscribe

Streaming giants like Netflix and Disney face tough local competition in key growth markets.

The Street

Blockbuster CEO ‘struggled not to laugh’ at chance to buy Netflix, new books says

‘As soon as I saw it, I knew what was happening: John Antioco was struggling not to laugh,’ Netflix co-founder Marc Randolph recalls of the disastrous meeting

The Independent UK

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Benzinga

Why Netflix Shares Are Rising

Netflix Inc (NASDAQ: NFLX) shares are trading higher by 5% at $448.28 amid a continued rebound in technology-related names. Citigroup on Monday upgraded the stock to Buy and Co-CEO Reed Hastings recently disclosed the purchase of $20 million of stock.

The Street

Netflix Stock Leaps On Citigroup 'Buy' Upgrade, CEO Hastings Share Purchase

Netflix shares were on a bit of a comeback Monday following an upgrade to 'buy' from analysts at Citigroup and a $20 million purchase from co-CEO Reed Hastings.

Benzinga

Co-CEO Reed Hastings Buys $20M Of Netflix Shares Amid Stock Collapse

According to a regulatory filing with the Securities and Exchange Commission on Friday, Netflix Inc. (NASDAQ: NFLX) Co-Chief Executive Officer Reed Hastings recently

The Street

Netflix Fourth-Quarter Earnings Live Blog

Real Money's Eric Jhonsa covers Netflix's fourth-quarter earnings report and video interview with management.

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