[Dan02]

Originally Posted by Fuzz

No, the decline isn't largely based on that but...

https://seekingalpha.com/article/450...ortunity-bulls


So it maybe isn't as bad as it sounds. Just wondering if the market maybe over-reacted.

The market expectation was to add 2,5 million subs, so even if we exclude Russia they missed the mark by 2 million. 500k vs 2.5 million.

This is why we're seeing them pivot into trying to limit password sharing recently because they're realizing their organic growth is drying up.