The Business of Alienating Your Die-Hard Fanbase
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On April 20th, 2022, Netflix shares plummeted by over 30 per cent, wiping out more than $60.54 billion of the company’s value. The ‘official’ scapegoat was a crackdown on account sharing and increased competition, exacerbated by the financial self-flagellation of withdrawing its services from Russia. But something is rotten in the state of Denmark, and more so than the Russkies before the gates.