Netflix Losses Exceed $ 24 Billion
Netflix's market cap has dropped $ 24 billion in just six days since its second quarter earnings were released. As reported by The Hollywood Reporter, shares are rapidly falling in price, their value has already decreased by 15 percent. Recall that, according to the disclosed data, the number of new subscribers of the streaming service turned out to be two times less than predicted. This is the first time in Netflix's history that such a protracted and significant decline in share prices has been recorded. Prior to that, the company had demonstrated steady growth for nine years. We also note that in the wake of success in January 2019, the streaming service significantly increased the subscription fee for all tariffs. This, plus the lack of an acceptable amount of original content, became, according to Wall Street experts, The Topic of Article: Netflix Losses Exceed $ 24 Billion. |
