The Latest Breaking News from Reed Hastings

The number of subscribers to the streaming platform has dropped

CNBC

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

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

The company has hinted it may crackdown on password sharing

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

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.

‘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

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.