Netflix has made a strategic move to curb account sharing by nearly half its global user base to boost revenue and subscription rates.
The policy checks a device's IP address to confirm single-household usage, but tech-savvy users have bypassed these restrictions with a VPN app, Meshnet, muddling Netflix's ability to identify user connections from different locations.
This could potentially affect Netflix's bottom line.
Interestingly, following the announcement of the crackdown, Netflix's stock price surged by over 11%, peaking on May 30th with a 4% increase from the previous day.
However, with resistance levels at the $400 round number and the weekly 50 simple moving average, the company has a hurdle to overcome for stock growth.
Overcoming this resistance could signal a substantial recovery from the 75%+ decline seen from November 2021 to May 2022.
As Netflix faces challenges like the VPN loophole and strategic shifts, questions arise about the future course of the company and its stock.
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Votre analyse est intéressante, cependant même si l'action traverse le moyenne des 400, je me demande si ca peut annoncer une véritable reprise. Etant donné que le pic de 700 le 15 novembre 2021 est du probablement a la COVID 19.
Sublime_Trading
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@adirouakibou, we had to translate your sentence as we don't speak French unfortunately. NFLX has already moved further up. We take the stance of letting the market dictate how far it will go. It is simpler that way and more profitable.