Netflix recently announced a plan to crack down on password sharing, proposing a system where users would have to log in from a primary household every 31 days to continue accessing the service. This move was met with widespread criticism, with many users expressing outrage and threatening to cancel their subscriptions. In response to the backlash, Netflix has since backpedaled, claiming that the proposal was posted in error. However, the company has previously stated its intention to shut down password sharing, and it's likely that they will revisit the issue in the future. The controversy highlights the challenges Netflix faces in balancing its need to prevent password sharing with the risk of alienating its user base.
Here are the key facts extracted from the text:
1. Netflix had announced a new policy to crack down on password sharing.
2. The policy would have affected around 100 million users who share passwords.
3. The policy required users to log in every 31 days from the primary household.
4. Users who did not comply would have been treated as if they were sharing passwords illegally.
5. The policy was met with widespread criticism and outrage.
6. Netflix has since backpedaled on the policy, claiming it was posted in error.
7. The policy is currently in effect in some Latin American countries, including Chile, Costa Rica, and Peru, as a test.
8. Netflix had previously stated their intention to shut down password sharing, but the recent announcement was met with too much pushback.
9. Netflix's stock price dropped by about 1% after the announcement.
10. The company claims that the policy was only applicable to certain countries and was mistakenly posted on their website.