has delayed its long-touted crackdown on password sharing, and will permanently shutter the DVD-mail-service that originally defined the company when it launched about 25 years ago.The streaming giant shared the developments on Tuesday, as it reported a surge in subscriber growth for the first quarter that exceeded analyst expectations, but revenue that was slightly below Wall Street forecasts. Netflix said it added 1.75 million new subscribers for the quarter that ended in March, nearly 550,000 more than consensus estimates from FactSet, and a stark contrast to the loss of 200,000 subscribers that the company suffered in the same period last year.
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