Netflix's Evolution and Challenges

Skibidi, let us dive into the Netflix goon saga. Founded in 1997, this streaming titan began as a DVD rental service, but now it is the ultimate edge in entertainment, available in over 190 countries. With 230 million subscribers, Netflix faced a dank dilemma in 2022 when it started losing viewers to rivals like Disney+ and HBO Max. To tackle this, they launched a lowkey cheaper subscription with ads, fought account sharing like a sigma warrior, and invested in local hits like Squid Game. The recommendation algorithm got a glow-up too, making user experiences more personalized. Netflix is on a ship to recovery, but the journey is not without its bumps.