{"id":441994,"date":"2022-05-05T00:14:16","date_gmt":"2022-05-04T21:14:16","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/shareholder-sues-netflix-over-subscriber-slip\/"},"modified":"2022-05-05T00:14:16","modified_gmt":"2022-05-04T21:14:16","slug":"shareholder-sues-netflix-over-subscriber-slip","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/shareholder-sues-netflix-over-subscriber-slip\/","title":{"rendered":"#Shareholder sues Netflix over subscriber slip"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2719ba662f9\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2719ba662f9\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/shareholder-sues-netflix-over-subscriber-slip\/#%E2%80%9CShareholder_sues_Netflix_over_subscriber_slip%E2%80%9D\" >&#8220;Shareholder sues Netflix over subscriber slip&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CShareholder_sues_Netflix_over_subscriber_slip%E2%80%9D\"><\/span>&#8220;Shareholder sues Netflix over subscriber slip&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<div class=\"article-gallery lightGallery\">\n<div data-thumb=\"https:\/\/scx1.b-cdn.net\/csz\/news\/tmb\/2022\/netflixs-building-in-l.jpg\" data-src=\"https:\/\/scx2.b-cdn.net\/gfx\/news\/2022\/netflixs-building-in-l.jpg\" data-sub-html=\"Netflix's building in Los Angeles, California; a shareholder has filed a class action lawsuit against the streaming company, which reported a dip in subscribers for the first three months of 2022.\">\n<figure class=\"article-img\">\n            <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/scx1.b-cdn.net\/csz\/news\/800a\/2022\/netflixs-building-in-l.jpg\" alt=\"Netflix's building in Los Angeles, California; a shareholder has filed a class action lawsuit against the streaming company, whi\" title=\"Netflix's building in Los Angeles, California; a shareholder has filed a class action lawsuit against the streaming company, which reported a dip in subscribers for the first three months of 2022.\" width=\"800\" height=\"530\"\/><figcaption class=\"text-darken text-low-up text-truncate-js text-truncate mt-3\">\n                Netflix&#8217;s building in Los Angeles, California; a shareholder has filed a class action lawsuit against the streaming company, which reported a dip in subscribers for the first three months of 2022.<br \/>\n            <\/figcaption><\/figure>\n<\/p><\/div>\n<\/div>\n<p>A Netflix shareholder is seeking class action status for a lawsuit accusing the streaming television titan of not making it clear that subscriber numbers were in peril.<\/p>\n<p>                                                                                A disclosed drop of just 200,000 users\u2014less than 0.1 percent of its total customer base\u2014was enough to send shares plunging after Netflix announced quarterly earnings in April.<\/p>\n<p>The company anticipates a much larger drop in the current quarter\u2014of around two million net subscribers.<\/p>\n<p>The suit filed Tuesday in federal court in San Francisco accuses top executives at Netflix of not telling investors that subscriber growth was slowing due to people sharing accounts and competition ramping up in the market.<\/p>\n<p>&#8220;Defendants&#8217; positive statements about the company&#8217;s business, operations, and prospects were materially false and\/or misleading and\/or lacked a reasonable basis,&#8221; read the suit filed by lawyers at Glancy Prongay &amp; Murray on behalf of a shareholder.<\/p>\n<p>Netflix did not im<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>tely reply to a request for comment.<\/p>\n<p>Executives at the company said on an earnings call that they are focused on combating the 100 million households who watch Netflix for free thanks to shared passwords.<\/p>\n<p>&#8220;When we were growing fast, it wasn&#8217;t the high priority to work on,&#8221; co-founder Reed Hastings admitted. &#8220;And now we&#8217;re working super hard on it.&#8221;<\/p>\n<p>Chief operating officer Gregory Peters said Netflix wasn&#8217;t trying to shut down sharing, &#8220;but we&#8217;re going to ask you to pay a bit more to be able to share.&#8221;<\/p>\n<p>In March, Netflix put out word that it is testing charging a fee to subscribers who share their accounts with people who don&#8217;t live in the same home.<\/p>\n<p>Competition in the streaming television market meanwhile has intensified, particularly from Disney+, with the cost of producing coveted original shows climbing as well.<\/p>\n<p>To attract viewers, Netflix is preparing cheaper sub<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">script<\/a>ions that include advertisements\u2014which it expects to roll out in the next couple years.<\/p>\n<p>The Los Gatos, California-based company has long defended its no-ads model, which set it apart from competitors such as Disney+, HBO Max and Apple.<\/p>\n<p>For Pivotal analyst Jeff Wlodarczak, streaming &#8220;appears nearly fully penetrated globally post-Covid,&#8221; and the companies now must set their sights on converting pirates into subscribers, gaining greater market share from each other and driving up prices.&#8221;<\/p>\n<p>The suit filed Tuesday is seeking to represent everyone who owned Netflix shares in the six months ending April 19, 2022, and is asking for unspecified cash damages as well as compensation for financial losses.\n                                                                                                                        <\/p>\n<hr\/>\n<div class=\"article-main__explore my-4 d-print-none\">\n<p>                                            End of an era as Netflix faces stagnation challenges\n                                        <\/p><\/div>\n<hr class=\"mb-4\"\/>\n<p class=\"article-main__note mt-4\">\n                                                \u00a9 2022 AFP<\/p>\n<p>                                        <!-- print only --><\/p>\n<div class=\"d-none d-print-block\">\n<p>                                                 <strong>Citation<\/strong>:<br \/>\n                                                 Shareholder sues Netflix over subscriber slip (2022, May  4)<br \/>\n                                                 retrieved  4 May 2022<br \/>\n                                                 from https:\/\/techxplore.com\/<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a>\/2022-05-shareholder-sues-netflix-subscriber.html<\/p>\n<p>                                            This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no<br \/>\n                                            part may be reproduced without the written permission. The content is provided for information purposes only.<\/p><\/div>\n<\/p><\/div>\n<p><script id=\"facebook-jssdk\" async=\"\" src=\"https:\/\/connect.facebook.net\/en_US\/sdk.js\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more Like this articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/science\/\" target=\"_blank\" rel=\"noopener\">Science category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/techxplore.com\/news\/2022-05-shareholder-sues-netflix-subscriber.html\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Shareholder sues Netflix over subscriber slip&#8221; Netflix&#8217;s building in Los Angeles, California; a shareholder has filed a class action lawsuit against the streaming company, which reported a dip in subscribers for the first three months of 2022. A Netflix shareholder is seeking class action status for a lawsuit accusing the streaming television titan of not&#8230;<\/p>\n","protected":false},"author":1,"featured_media":441995,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/scx2.b-cdn.net\/gfx\/news\/2022\/netflixs-building-in-l.jpg","fifu_image_alt":"","footnotes":""},"categories":[16],"tags":[],"class_list":["post-441994","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sciencee"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/441994","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=441994"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/441994\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/441995"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=441994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=441994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=441994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}