Business daily – Netflix loses subscribers in North America as pandemic effect wears off

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BUSINESS DAILY © Olivier Douliery, AFP/File

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Netflix has seen its number of subscribers drop in North America, as the streaming giant faces increased competition from rival platforms. While the company’s global subscriptions rose between April and June, they fell in the United States and Canada. Netflix says it still expects to see growth in the coming months, as more new shows will be released. The company is the largest player in streaming worldwide, but the market has become increasingly crowded, particularly in the US.

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