Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top

Users have long gone, just like the Ex-GF who will never return? Netflix!

Users have long gone, just like the Ex-GF who will never return? Netflix!
$Netflix(NFLX.US)$ and other streaming companies were significantly boosted by the pandemic as consumers spent more time and money streaming content from home.
But as the economy reopens in the U.S. and people spend more time out of their houses, it’s almost as if the pandemic never happened — at least in terms of the relative weakness of Netflix stock.
Meanwhile, Netflix fell more than 25% in extended trading on Tuesday after reporting a loss of 200,000 subscribers in its recent quarter and projecting a loss of 2 million subscribers in the second quarter.
Users have long gone, just like the Ex-GF who will never return? Netflix!
Regarding its competitors, shares of Disney dropped as much as 5%, while Roku fell 6% after-hours after rising nearly 8% during regular trading. Warner Bros. Discovery, the owner of HBO Max, was off about 4%, and Paramount (formerly ViacomCBS) declined nearly 6%. $Comcast(CMCSA.US)$ $维亚康姆-B(VIAB.US)$
On Tuesday, shares hit their lowest level since November 2019. The stock is now down more than 40% for the year, and more than 60% from its peak in November 2021.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
4
+0
Translate
Report
40K Views
Comment
Sign in to post a comment
    Ming-Chi Kuo Tracking AAPL stock
    267Followers
    6Following
    630Visitors
    Follow