Netflix lost $ 17 billion in 24 hours
Netflix's market value dropped $ 17 billion in one day after the publication of its second quarter earnings. As noted by The Wrap, this is the largest drop in streaming history. Experts note that the reason was the discrepancy between the results and expectations of investors. In particular, the number of subscribers worldwide increased by only 2.7 million, 2.5 million less than earlier forecasts promised. What's more, in North America itself, the streaming service has lost 126,000 subscribers. The company itself explains the incident by a significant decrease in the amount of high-quality content and an increase in subscription prices. Recall that over the past year, Netflix has really lost a significant part of the series, primarily based on Marvel comics. The Topic of Article: Netflix lost $ 17 billion in 24 hours. |
