From Couches To Trading Floors: Dissecting The Impact Of Netflix's Password-Sharing Crackdown On Its Stock Price
In response to declining subscription rates, Netflix is combating password sharing, a practice used by nearly half of its global user base.
Savvy users have bypassed this restriction using a VPN app called Meshnet, allowing multiple users to share a single IP address.
Since the password-sharing crackdown, Netflix's stock price has surged over 11%.
