Daily Crunch: Netflix has a rough quarter

TechCrunch | 7/18/2019 | Staff
kringkring (Posted by) Level 4
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Netflix’s price hikes might finally be convincing some consumers to unsubscribe. The company reported net growth of 2.7 million subscribers worldwide, but it actually added 2.83 million new subscribers internationally while losing around 130,000 in the United States.

Growth - Board - Regions - Price - Hike

Growth was lower than expected across the board, but it underperformed more noticeably in regions where it introduced a price hike.

In a letter to the heads of the FBI and FTC, the senator wrote, “FaceApp’s location in Russia raises questions regarding how and when the company provides access to the data of U.S. citizens to third parties, including potentially foreign governments.”

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