Not long ago Netflix was plunged into obscurity. The company's 10-year meteoric rise that had made it a Wall Street favorite came to an abrupt end in the spring of 2022 with the revelation that it was losing hundreds of thousands of subscribers.
A crisis from which Netflix quickly recovered. The whole key seems to be hidden behind the sharing of passwords. Since Netflix stopped sharing passwords by identifying the devices users log in from, subscribers have grown.
As of May 2023, Netflix has added 45 million paying subscribers. To think that all of them received access from their sister, brother, friend, cousin...
Netflix's stock price has risen more than 300% and hit an all-time high. These figures make it Hollywood's main competitor.
