Statue of Themis at the federal courthouse in Alexandria, Virginia, USA. File photo WASHINGTON, May 5. Netflix shareholders filed a class-action lawsuit against the company, accusing its management of providing false information about the real state of affairs, writes the Axios portal. According to its data, in a lawsuit filed in the San Francisco, Calif., alleges that Netflix «hid from shareholders slower subscriber growth, including due to customer account sharing and increased competition from other streaming services.» The lawsuit also alleges that the company hid from shareholders «difficulties with retaining users», as a result of which Netflix «loses subscribers». Shareholders claim they have suffered «substantial loss and damage» due to the withholding of this information. The company declined to comment for Axios on the related reports. by 39 percent since leaving Russia At the end of April, Netflix published a report for the first quarter, in which it said that the total number of paying subscribers, including newcomers, fell by 200 thousand worldwide. This decline was the first since 2011. Moreover, the closure of the service in Russia led to the loss of 700 thousand subscribers. Netflix predicts a cumulative decline in paying subscribers by as much as two million for the quarter. Netflix was founded in 1997 and is headquartered in Los Gatos, California. Since 2013, she has been producing her own films, series and TV programs.
