This is not a good time for Netflix . After yesterday, the loss of 200 thousand users during the first quarter of the year, the shares of the company suffered a strong blow today. In a matter of hours, the value of Netflix lost more than a third of what it cost a couple of months ago .
Along with the loss of subscribers, it has also been pointed out that during this quarter, more than two million people will leave their Netflix account. This has caused the shares of the Streaming Company from falling 36% to $ 223.9 , its lowest level since January 2018. From close thus, it will be its worst day since October 2004. This was what you said Kim Forrest, Director of Investment of Bokeh Capital Partners in Pittsburgh:
“Netflix is an example of what happens to growth companies when they lose their growth.”
If so, this would mean that all the profits and effort made by the company during the last two years, could be lost. In response, the company blamed inflation, the war in Ukraine and fierce competition, by The bad results you have reported.
On related topics, you can learn more about Netflix losses here. Similarly, the company is considering integrating ads to its platform.