Netflix shares dropped 30% as markets opened Wednesday following its first-quarter release revealing the first subscriber decline in more than 10 years, reported the Daily Mail..In the first few months of 2022, Netflix’s global subscriber numbers dropped by 200,000, while the company’s internal projections were expecting 2.5 million additions..Dropping from $348 the previous day, on April 20 NFLX opened at $245 and has been continuing the downward trend throughout the day..Subscriber retainment is not a new issue for the streaming giant, said the Mail..Netflix estimates 100 million users around the world are using a shared account, with 30 million of those in the US and Canada..Now the company is warning a password crackdown will be coming for those who don’t have their own accounts..The Tuesday stock plummet was the second of 2022 for Netflix. On January 21 the market price went from $508 to $397..Before the end of January, first-quarter earnings were already showing lower than expected net subscriber additions, revenue growth and operating margin, according to the Toronto Star.. March-pt.-2-standard-graphics-6-1Netflix market summary–past six months, courtesy of Google Finance .The company stock dropped 64.7% in the last six months, and Netflix’s value is down more than 40% since the beginning of 2022, reported Deadline..The platform is sitting at 221.64 million subscribers around the world..Netflix has a new show for a Thursday release about a man who finds out he’s pregnant..He’s Expecting features a pregnant cisgender man going through stereotypical tribulations women go through during pregnancy, in addition to his own struggles and the shock of being a man with child..The Netflix production is categorized as a “social issue TV drama” and described as emotional and intimate.. Netflix subscribers dropping like flies as it launches new show about pregnant man“Life is a series of unexpected events.” .Ewa Sudyk is a reporter with the Western Standard.,esudyk@westernstandard.news,.https://twitter.com/EwasWorkin
