Y then replied with a “certain”, showing his endorsement, to a user who said the following about his first post regarding the “Woke mind virus”: “Not just Netflix. Movies in general, video games, television, everything is infested with woke fashion for fear of offending a green-haired geek next to the cancel button”.
The drop in Netflix subscribers
Netflix on Tuesday reported a loss of subscribers for the first time in more than a decade and predicted further contraction in the second quarter, a rare setback for a company that has been a reliable growth engine for investors.
Netflix lost 200,000 subscribers in its first quarterfalling well short of its modest predictions that it would add 2.5 million subscribers, and its stock was down 23% on Wall Street in after-hours trading.
The streaming giant explained that this decrease is mainly due to the difficulty of obtaining new subscribers around the worldand also to the suspension of service in Russia.
The platform had strong growth during the pandemic. The market expected a correction, but not as strong.
“The suspension of our service in Russia and the progressive decline in the number of Russian paid subscribers led to a net loss of 700,000 subscriptions. Without this impact, we would have had an additional 500,000 subscribers” over the last quarter of 2021, the company said in a statement.
In addition, this week the official Russian agency TASS reported that Russian users have sued Netflix for 60 million rubles (733,772 dollars or 677,071 euros) for the suspension of its services in the country. The class action lawsuit was filed in Moscow’s Khamovnicheski court, lawyer Konstantin Lukoyánov told the agency.