Woke Fail: Netflix Shares Plummet More Than 50 Percent in 2022 — Worst Year much more than a Decade
Netflix has shut out its worst 12 months in more than a decade, with its stock plunging more than 50 % and wiping out an astounding $136 billion in their market value. For 2022, Netflix gives dropped 50. 6 %, the most the stock has declined on an annual foundation since 2011. For the first time, the once-invincible company lost […]#@@#@!!
Netflix has closed out its worst year in more than the usual decade, with its stock plunging more than 50 percent and cleaning out a staggering $136 billion dollars in market value.
For 2022, Netflix shares dropped 50. 6 percent, the most the share has declined on an annual basis since 2011. For the first time, the once-invincible company lost subscribers for two consecutive quarters , ushering in the period of painful belt-tightening that has included several hundred layoffs.
Netflix’s decrease outpaced the Nasdaq, which was down 33. 1 percent for your year.
The particular left-wing streamer, which is constantly on the have a production deal with Barack and Michelle Obama, is being forced to try new ways to juice revenue. Netflix shattered its promise to never have got commercials by launching an ad-supported tier in a bet to tap into the advertising market in the face of uncertain customer growth.
