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Is the shine off of Netflix?
The company's quarterly report shows the streaming service lost 200,000 subscribers in the first quarter of 2022.
It's the first time Netflix subscriptions have seen a decline in customers since 2011.
The news isn't looking any better. The forecast shows Netflix losing another two million subs in the second quarter.
The loss is being attributed to a price hike in North America, causing people to ditch the service and the shut off of operations in Russia due to the war in Ukraine.