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International Business Times
International Business Times
Business
Vidhya Ck

Netflix Prevails In Shareholder Lawsuit Over Account Sharing Impact

Netflix attributed the decline in subscribers to several factors, including account sharing and increased competition. (Credit: AFP)

Netflix won the dismissal of a shareholder lawsuit that accused the streaming giant of downplaying the impact of account sharing on subscriber growth.

U.S. District Judge Jon Tigar, in Oakland, California, on Tuesday, ruled that Netflix did not mislead shareholders, rejecting claims that the company had concealed the impact of account sharing on its growth, reported Reuters.

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