Netflix raised prices recently. And yesterday, they announced that they lost 200,000 subscribers . . . the first time they've lost users in a decade.
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But they also announced that they're rolling out a CHEAPER version . . . with ads. But it may not happen for another year or two.
Netflix has always resisted the idea of an ad-supported version, but they're embracing it now as a way of bringing in new subscribers.
Plus they're also seeing it work for competitors like Hulu and Peacock.
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Netflix stock plunges after subscriber losses
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