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Netflix is DEAD - Collapse of the Biggest Streaming Platform
There is no doubt that for years, Netflix has been one of the most popular streaming services across the world. Launched in 1997, the platform brought a storm in the world of entertainment, allowing people to watch whatever they wanted without having to wait for cable
TV or paying separately to rent a favorite movie.
It looked like Netflix had it all planned, from providing the joy of binge-watching to offering the ease of on-demand streaming. Yet, as they say, all good things must come to an end, it looks like the streaming behemoth is on the verge of suffering a major crash.
According to its earnings report of Netflix for 2022, the service lost 970,000 subscribers during that period, which marked the consequent second quarter that the company has lost subscribers. During the previous fiscal period, Netflix had famously lost 200,000 subscribers.
So, what exactly is happening to the streaming giant? How a company that was once the leader of the field could have suddenly fallen to a point where it is failing to compete? Let's dive into the story of the downfall of Netflix.

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