
Market News - April 22, 2022
For the second time this year Netflix shares went into absolute freefall. NFLX is the worst performing stock in the S&P 500 this year, and is down about 65% from its all-time high. Netflix shares lost more than a third of their value just this week after reporting not just a slowdown in growth, but an actual drop in subscriber numbers for the first time ever. The streaming giant lost over 200,000 subscribers in its latest quarter—and it’s expecting even more in coming quarters.