Friday, 24 March, 2023

Netflix becomes more traditional, struggles are indicative of that

<p>Netflix said in April that it had lost subscribers for the first time since 2011 and that its stock had fallen more than 60% this year. However, the streaming giant&#39;s current difficulties could not be the beginning of a downward trend or the beginning of its demise. Instead, it&#39;s evidence that Netflix is evolving into a more conventional media organization. As a member of the Wall Street acronym &quot;FAANG&quot;, Netflix was first valued as a Big Tech business.</p>