HomeNews WireGet Woke, Go Broke! Netflix Subscribers Tumble in the First Quarter Mike April 20, 2022 For the first time in more than a decade, Netflix lost hundreds of thousands of subscribers. Forecasters predict a gloomy future for the streaming giant. They lost over 200,000 subscribers despite projections of gaining 2.5 million subscribers. Their stock dropped 23 per cent in after-market trading on Tuesday afternoon. Elon Musk chimed in on Twitter with his thoughts regarding the bad news for Netflix. Yes — Elon Musk (@elonmusk) April 20, 2022 Sometimes one word is all it takes. At least when you are Elon Musk. Netflix said: 'The large number of households sharing accounts — combined with competition, is creating revenue growth headwinds. The big COVID boost to streaming obscured the picture until recently.'