Initial concerns that competitors would overtake Netflix have largely dissipated. In fact, its current valuation suggests a different narrative. The password-sharing crackdown, initially perceived as an act of desperation to stem the tide of declining memberships, has instead showcased the strength of Netflix’s moat. The number of paying subscribers surged following the global rollout of this initiative, proving just how deeply entrenched the platform is in the lives of its users. Consider this: for an American household earning a median monthly income of $6,700 (LINK), the cost of a Netflix a...
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