Netflix users furious: 'We See You're Greedy'
In an attempt to prevent password sharing, Netflix is testing the possibility that users pay an extra three dollars a month if they want to share their accounts with other people.
In an attempt to prevent password sharing, Netflix is testing the possibility that users pay an extra three dollars a month if they want to share their accounts with other people.
'Starting from the next month, we will try out this feature to Argentina, the Dominican Republic, El Salvador, Guatemala and Honduras,' Cheng Long, director of product innovation at Netflix announced. Netflix lost subscribers for the first time in a decade in April this year.
Netflix is testing a new password sharing plan where they will charge an extra $3 for more additional homes.
It has started the test in Latin America. — Moe (@moneyacademyKE) July 18, 2022
Netflix is looking for ways to prevent password sharing since 2019. Some studies found that the streaming giant could be losing up to $192 million each month due to the practice of sharing account passwords. That means that one user can share his password with friends and all of them can enjoy in Netflix program without any problem.
Because of all of this, recently, Netflix launched the 'Add an Extra Member' feature in Chile, Costa Rica and Peru. Users of social networks expressed dissatisfaction with the new practice of Netflix in certain countries.
'Next thing they're going to ask is to charge a fee for every person you invite over to your house to watch a movie. We see you're greedy, Netflix,' was just one of many comments about this news.'This is how and why Netflix is dying,' added another.
Recall, that Netflix's financial report for the first quarter of 2022 sent shivers through the industry: the firm lost customers for the first time in ten years. While some analysts are already discussing the impending Netflix crash, the company is attempting to mitigate the damage with employee layoffs.
Following the layoff of approximately 150 employees by Netflix in May 2022, a second wave is now underway. Around 300 employees must be let go, mostly in the United States but also in other countries. Bao Nguyen, a company spokeswoman, told Variety's editorial team:
'Sadly, we had to lay off around 300 staff today. We made these adjustments to allow our costs to rise in relation to our slowing revenue growth while we continue to invest extensively in our business. We are appreciative for everything they have done for Netflix and are working hard to help them through this difficult transition phase.'
Post By: Vanessa F.
