Breaking News: Netflix (NFLX) has announced that it plans to start to keep track of customers who are not using their accounts and that their subscription will be canceled. The company said it would attempt to contact the customer first to inform them of inactivity and if there's no response, the account will be canceled.
“We’re asking everyone who has not watched anything on Netflix for a year since they joined to confirm they want to keep their membership. And we’ll do the same for anyone who has stopped watching for more than two years,” Eddy Wu, director of product innovation, said in a statement.
Netflix is enjoying the coronavirus lockdown order because more people are staying at home and this means they are subscribing to Netflix, as a result, the number of subscribers grew compared to last year’s signup.
NFLX stock is not trading at an all-time high, it touched $458.97 per share this week.