Netflix stock plummets 30.00%

Note: This section contains information in English only.
Source: Dukascopy Bank SA


At the start of Wednesday's US trading hours, the stock price of Netflix dropped nearly 30.00%. The drop was caused by the quarterly earnings report, which revealed a decline in subscriptions, increase in costs and an expectation of further subscriber decrease.

In the aftermath of the initial drop, the price was approaching the 2018 low level at 233.63.

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