Nightmare: Netflix Hit with Shareholder Lawsuit Alleging Executives Misled Investors Amid Subscriber Exodus

The lawsuit, which was filed Tuesday in a northern California federal court, covers Netflix shareholders who bought the stock between October 19, 2021 and April 19, 2022 — a period during which the value of the stock plummeted a stunning 67 percent.

The suit, which is being brought by a trustee of an entity called the Imperium Irrevocable Trust, cited public statements made by Netflix during its most recent third and fourth quarter earnings reports in which the company painted an optimistic picture of subscriber growth. “As a result of these materially false and/or misleading statements, and/or failures to disclose, Netflix’s securities traded at artificially inflated prices during the Class Period,” the complaint reads.

NETFLIX MOVIES ARE HORRIBLE.

And “left wing” was needed here….. why?

They're so left wing that they have 'Get Me Roger Stone' and 'Trump: An American Dream' available to stream. What a couple of libs!

“left-wing streamer” 🤡

Left wing streamer? Cant you guys take a day off from the bull shit?

Marc Randolph (co-founder of Netflix) is also related to Edward Bernays. The freedom to choose (movies/smoking) as a marketing strategy runs in the family ;)

Lol, Netflix isn’t leftwing and their dumb CEO blew all of their budget on bigoted unfunnyman Chapelles “comedy” specials. Like 3x what they paid for Squid Games!!!

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