Netflix Tumbled Over 30% in Morning Trading For Losing Subscribers

Tiger Newspress2022-04-20

Netflix tumbled over 30% in morning trading for losing subscribers.It reported downbeat revenue for its first quarter. Global streaming paid partnership increased 6.7% year-over-year to 221.64 million, while global streaming paid net additions were down 200 thousand.

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Comments

  • CTSM
    2022-04-21
    CTSM
    Surprised...
  • pkyon
    2022-04-21
    pkyon
    Ouch
  • JLKang
    2022-04-21
    JLKang
    Very similar to Meta.... 
  • hiryan
    2022-04-21
    hiryan
    Down
  • robot1234
    2022-04-21
    robot1234
    Netflix closes down 35%! Shares of Netflix plunged Wednesday after the streamer reported it lost subscribers in its most recent quarter. The company shed more than $50 billion in market cap as a result. At least nine Wall Street firms downgraded the stock on the disappointing report.
  • JeremyKok
    2022-04-21
    JeremyKok
    Is it because they are going to crack down on those who are sharing password?
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