23.03.2020 NETFLIX Daily Analysis

23.03.2020 NETFLIX Daily Analysis

Today NETFLIX is trading at $332.83 (0.24%). Netflix is seeing usage spikes in regions most impacted by the Covid-19 coronavirus pandemic. Netflix, which had more than 42 million subscribers in Europe, Africa, and the Middle East in the first quarter, agreed to comply and will make adjustments gradually over the next week, the Communications Ministry said. "Given the extraordinary challenges raised by the coronavirus, we have decided to begin reducing bit rates across all our streams in Israel for 30 days. We estimate that this will reduce Netflix traffic on Israeli networks by around 25% while also ensuring good quality service," Netflix said. Netflix said it would continue to adhere with normal procedures for all other networks "until and unless they experience issues of their own"