“ According to Netflix, around 64 million households — out of around 150 million subscribers at the time — had watched season three of Stranger Things within the first month of its July 4 release last year. But Netflix also lost U.S. subscribers that same quarter for the first time since 2011.”

FALSE. That subscriber loss you link to came from the quarter prior to the Stranger Things release. In fact, Netflix added U.S. subscribers in the third quarter. This severely hurts your entire framing for this article.