Netflix is losing people quickly, they are in a state of decline currently with many choosing not to continue their subscription.
Their shares have reportly reached a 10% decline as well.
The popular streaming company reported a loss of 126,000 paid subscribers. This is quite low when they were expected for a 352,000 gain.
Netflix has admitted to seeing the biggest losses in the regions that saw a price increase.
Netflix raised the price for consumers rose up from $10.99 to $12.99 during its Q2 reporting period.
This is the most likely reason for the decline, some may feel its too much currently and are choosing not to continue.
Netflix reported a international addition of 2.8 million subscribers, analyst projected 4.8 million.