600,000 people in the United States and Canada, that something was their subscription to Netflix Inc.
A couple dollars more a month normally isn’t enough to move the needle, but when Americans are facing the fastest inflation in 40 years, something has got to give. And for 600,000 people in the United States and Canada, that something was their subscription to Netflix Inc.
Consumer spending is by far the biggest contributor to the US economy, and economists are keenly looking for any signs that higher prices are starting to chip away at demand.
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