Gadgetory

there's trouble in Netflix paradise netflix reported its worst member growth in three years the streaming service lost some users in the last quarter due in part to price increases in markets like the United States Netflix also warned that it will not meet analysts expectations on subscriber growth in the next quarter so who did netflix blame for this lack of growth the press at first that seems like an odd idea Netflix increased prices so shouldn't that be enough of a reason to get certain members to cancel the service Netflix explained that in April the phrase Netflix price increase trended on Google Trends the company said it saw members who are not subject to a higher price canceling their memberships for those of you who are wondering Netflix increased its us pricing on a standard plan from roughly nine dollars to roughly ten dollars that plan allows a member to stream netflix on two screens at one time at 1080p HD netflix the stock price took a hit dropping fifteen percent the service still has over 83 million subscribers worldwide which is pretty impressive Netflix CEO Reed Hastings says that with the increased revenue Netflix will invest in better content can someone please tell him to stop backing Adam Sandler movies then it's enough enough's enough well that's it for this tech news update amaya's Akhtar and you can stay on top of the biggest stories at cnet com / update you