Netflix isn't blaming the pandemic recovery for its lost subscribers

Netflix may have benefitted from the COVID-19 pandemic, but it's not blaming its latest troubles on people leaving their homes. The company has revealed that it lost about 200,000 subscribers in the first quarter of 2022, a sharp contrast from the millions of additions per quarter over the past year. However, the streaming giant said that the pandemic only "obscured the picture" -- there were multiple problems hiding under the surface. The company pointed to stiffer competition from online servi...