Netflix seems poised to implement some of the biggest changes to its business model in years. In the company’s Q1 2022 earnings call, CEO Reed Hastings dropped two bombshells. Netflix lost subscribers First: Netflix lost subscribers for the first time in a decade — 200,000 to be specific. That’s a far cry from the 2,000,000 subscribers the company predicted it would gain just three months ago. It’s worth noting that Netflix is in the red on its subscriber count in part because of Russia’s invasion of Ukraine — it lost 700,000 accounts after shutting down its services in Russia. Still,…
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