Thanks for sharing //
@koolgal:
$Netflix(NFLX)$ has had a horrendous year in which its share price dropped 70%. It has lost 200,000 subscribers in Q1 2022 and is slated to lose another 2 million this quarter.Despite this, Netflix is still the market leader in streaming services with 221 million subscribers in 190 countries. Netflix is down but not out! In fact it is doing everything it can to improve and innovate. Netflix is looking at introducing an ad based cheaper service to attract more subscribers. It is partnering with Microsoft in this area. It is cracking down on passwords and looking at charging extra fees for multi homes usage. It is constantly bringing new shows. Stranger Things is the 2nd TV series that has surpassed 1 billion users next to Squid Game.But these initiatives take time. For now, Netflix will face strong macro headwinds due to high inflation and rising interest rates. So I predict Netflix share price at the close will be 200.
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