Netflix stocks crash after Disney + and Apple TV + are acknowledged
Netflix's share price plummeted after the head of the company admitted that "times are going to be tough with the launch of competing services from Walt Disney and Apple." As noted by the NBC television channel, the cost per day fell by more than five percent. "We have competed with many people in the last decade, but in November, the world will be radically changed ... the reason will be Apple's entry into the market, then Disney and then, of course, Amazon, "he told Variety. Note that over the past year, Netflix's capitalization has dropped significantly. Thus, in the summer of 2018, the company fell by $ 12 billion after the resignation of the head of the communications department, Jonathan Friedland, who was caught using the word "niger". But the most impressive drop in value occurred in July 2019. Netflix's market capitalization has dropped by $ 24 billion in just a week since Q2 earnings were published. Experts believed that this was due to the fact that the number of new subscribers was twice less than expected, as well as due to an increase in the cost of subscriptions. The Topic of Article: Netflix stocks crash after Disney + and Apple TV + are acknowledged. |
