Why a Recession Could Be Good for Netflix
In just a few months, Netflix (NASDAQ: NFLX) has gone from a market darling to market disaster.
The stock price is down more than 70% from its peak last fall, and it's not just because tech stocks, in general, have pulled back. The streaming leader posted a surprise decline in subscribers in the first quarter and guided to a loss of 2 million in Q2.
A combination of pandemic hangover and rising competition seemed to zap the company's growth, and its formerly reliable formula of plowing billions into original content is no longer paying off.
Source Fool.com
