Chance of $Netflix(NFLX)$recovering back to itsprevious highs seems to be challenging with its loss of almost 1 million subs in Q2 2022. Moreover, $Walt Disney(DIS)$recently announced its subscriber count and it has officially overtaken Netflix.
With all these glooming news befalling Netflix, it's not hard to believe why the stock price has fallen close to 70% today.
As the entertainment industry involves, we see increased competition in the space from Disney, YouTube, Amazon Prime and more. To stay in the lead in this industry, it's of ultimate importance to keep up to speed to the latest consumer trends!
Fellow Tiger Investors, are you team Netflix or team Disney or teams of other streaming channels? Let me know in the comments section below!
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