Only two days into the new year, Netflix is already facing bad news on the subscriber front.
The left-wing streamer is struggling to hold onto subscribers globally as consumers tire of the company’s woke pandering and the streaming market’s seemingly endless glut of competitors.
Last year, Netflix experienced an unprecedented two consecutive quarters of net subscriber losses worldwide, prompting company executives to institute a period of painful belt tightening that included several hundred layoffs. Still, the streamer reportedly found a way to pay aNetflix isn’t the only streamer expected to lose subscribers in 2023. Amazon Prime Video is forecast to contract by about 100,000.
Last year, Netflix launched its ad-supported tier in an effort to tap into a new revenue stream as its traditional subscription model faltered., consumer adoption has been slow so far, accounting for just nine percent of new signups during its first month, according to a recent study from the analytics firm Antenna. As a result, Netflix has found itself in the embarrassing position ofas its stock declined more than 50 percent for 2022.
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