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Netflix is losing money.
CREDIT : SHUTTERSTOCK

Netflix is losing money.

Netflix says they’re losing about $135 million a month which comes out to around $1.6 BILLION a year. Why? It’s because of something you parents taught you as a young kid… SHARING. Yep. Netflix says because people share their password, it’s taking away money they could be getting for a new subscription.

Sharing is pretty hard to police especially if its between people living in the same house.

Netflix CEO Reed Hastings said, “Password sharing is something you have to learn to live with, because there’s so much legitimate password sharing . . . Sharing with your spouse, with your kids . . . so there’s no bright line, and we’re doing fine as is.”

Do you share your password?

 

Source (CNBC)

MONEY

Photo by Pepi Stojanovski on Unsplash