Netflix sees $18bn wiped off stock value as new subscriber numbers fall

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Streaming service loses members in its biggest market for first time in eight years, prompting fears that competition from rivals Disney, Apple and Amazon is beginning to bite

Known as La Casa de Papel in its native Spanish, Money Heist is Netflix’s most streamed non-English language show. The bank heist is a tired dramatic trope these days, but don’t let that, or the show’s bland English-language title, put you off – creator Álex Pina has made something special. The heist here, led by a mysterious man known only as The Professor, involves breaking into the Royal Mint of Spain and printing off €2.4 billion.

 

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Bound to happen when the mega corporations they were getting content from up until now all pull their content from Netflix and start their own streaming services. It may kill Netflix, it's also likely to over saturate the streaming video market.

Why ?

Dollars are a right good buy just now...

We have had netflicks for 2 years, and think it has gone down hill. The catalogue of films are rubbish and now watch NOWTV and Amazon. Considering cancelling netflicks.

I love the movies Netflix puts out!

Netflix in The Netherlands is one of the more expensive Netflix subscriptions, yet only has a fraction of the content American subscribers get ...

🤔🤔 $18B = £14M

Maybe they shouldn't have increased their subscriptions by 22% a couple of months ago.

I mean everybody already has it 🤔

If netflix would give us the same amount of content in the U.K., that would make me want to continue paying 🤷🏼‍♂️

Netflix and sell.

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