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Don’t get overexcited about that ‘Netflix note’.
The streaming giant has a hard landing in a world weary from the Covid-19 pandemic.
Netflix saw its stock tumbling by 20 per cent after it reported a loss of 2 lakh paid subscribers in the first quarter of 2022, its first subscriber loss in over a decade.
Last week the LA-based streamer dished out a new memo to staff telling them if they are offended by content the company is working on, they can quit. In a response, Musk tweeted, 'Good move by @netflix.'