Why Netflix Is Plummeting Today
Shares of Netflix (NASDAQ: NFLX) plummeted 25% out of the gate Friday morning after its fourth-quarter earnings report revealed slower-than-expected subscriber growth and forecast future subscriber additions that seem to be falling off the table edge. As of 10:52 a.m. ET today, its shares are down 24.06%.
Add in an otherwise disappointing earnings with profits plunging 34% to $632 million, and it seems clear the pandemic push is all but over.
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Source Fool.com