has sped up plans to introduce a cheaper, advert-subsidized plan for users who are perhaps contemplating cancelling the streaming service, as it tries to shake off a shockingly bad first quarter.
Netflix on April 19 announced it had lost 200,000 subscribers in the first three months of the year - the first time in a decade their numbers have fallen, and a dramatic reversal of their aim of adding 2.5 million.
They said they expect to lose two million more in the second quarter, and the share price fell significantly, wiping away roughly $70 billion in the company's market capitalization.
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