Netflix (NASDAQ: NFLX) is having one heck of a year but not in a good way. Shares have cratered 66% in 2022 and are down over 70% from last year's all-time high.
In April, the company reported a disappointing quarter, including its first drop in subscribers in more than a decade. What's more, management signaled that subscribers would decline by another two million in the current quarter. And to cap it all off, Netflix said up to 100 million people access the company's content free of charge through unauthorized password sharing.
Source Fool.com