Earlier this month, Netflix's market value was reduced by nearly $60 billion as investors worried that the decade-long streaming boom had come to an end, following the company's forecast that it would lose millions of subscribers in the first half of this year.

For the first time in a decade, Netflix is losing subscribers. Netflix has suffered as a result of the relaxation of pandemic restrictions. Subscribers to the streaming service have decreased. Password sharing is also blamed, according to the company.

Netflix has had a rough start in 2022. The streaming giant lost 200,000 subscribers in the first quarter, the first time it had done so in over a decade. Furthermore, Netflix anticipates losing another 2 million subscribers in the second quarter of 2022.