NETFLIX SHARES DROP 26% AFTER IT LOSES 200K SUBSCRIBERS
Apr 23, 2022
3 minutes
Netflix suffered its first subscriber loss in more than a decade, causing its shares to plunge 25% in extended trading amid concerns that the pioneering streaming service may have already seen its best days.
The company’s customer base fell by 200,000 subscribers during the January-March period, according to its quarterly earnings report released this week It’s the first time that Netflix’s subscribers have fallen since the streaming service became available
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