shares ended a brutal session of heavy trading down 35%, its biggest selloff since 2004 as the streamer shed $57 billion in market value. The plunge and accompanying commentary appeared to mark the streamer’s long honeymoon with investors — taken aback by the company’s surprise admission of slowing growth and discouraged by a long-lead time and lack of clarity around potential solutions.
The questions rolled in — including whether the company’s stock has gotten cheap enough for new buyers to step in. Reed Hastings, who bought shares on a dip after fourth-quarter earnings, took a bath alongside Netflix investors. Netflix said it expects revenue and paid net add growth in the back half of the year and it continue to expect positive free cash flow.
They have a poor reputation for cancelling shows and leaving storylines unresolved.
Netflix: Cancels show after show after show. *Viewers Unsubscribe* Netflix:
Haven’t had good quality content in a long time. I’m sure pandemic production problems and lousy Tiger King 2. They need to step up their game
haciendomovidas
Once you go woke, you start to go broke
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