Netflix Shares Plunge 25% After Company Loses 200,000 Subscribers
TIME
English - April 20, 2022 10:57 - 5 minutes - 10.8 MB - ★★★★ - 63 ratingsDaily News News Society & Culture spokenlayer Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Why California Is Delaying Its COVID-19 Vaccine Mandate for Schools
(SAN FRANCISCO) — Netflix suffered its first subscriber loss in more than a decade, causing its shares to plunge 25% in extended trading amid concerns that the pioneering streaming service may have already seen its best days.
The company’s customer base fell by 200,000 subscribers during the January-March period, according to its quarterly earnings report released Tuesday.