Netflix, the “N” in tech’s so-called FAANG stocks that drove much of the market euphoria of the past few years, is now that group’s fallen angel.
The company that invented the idea of binge-watching favorites including “Squid Game” and “Bridgerton” has tossed out its old playbook and is searching for new ways to boost revenue. It’s considering offering an ad-supported version while also cracking down on customers who share their passwords with friends and family, both signs the easy days of subscriber growth are behind it.
This article was provided by Bloomberg News.