Wed, 20 Apr 2022 13:51:45 GMT
Netflix stock plummets 30.00%
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.