Netflix might restrict password sharing from 2023

Netflix appears prepared to prohibit users from sharing passwords as of the beginning of 2023. The market leader in streaming has been discussing this move for some time.

Netflix has experienced losses as a result of the password-sharing feature, causing CEO Reed Hastings to stop the practise.

Hastings stated that the platform will now concentrate on content, marketing, and a more affordable plan with advertising after it added 2.4 million customers in the third quarter.

Additionally, the company had stated during its financial report that it anticipated adding more subscribers in the upcoming months. Moreover, it is implementing a number of adjustments, including the launch of a less priced alternative with advertisements next month, according to Netflix.