Netflix share price on track for biggest fall in nearly a decade
Netflix's stock dropped substantially again this year after disappointing investors.
Netflix has lost 200,000 subscribers in the first quarter of 2022.
It expects to lose another 2 million subscribers in the second quarter.
The company’s share price decreased by over 26% after the drop was announced.
Popular streaming giant Netflix suffered a jolt on Monday as it recorded a user decline for the first time in over a decade
The company has reported that it lost 200,000 subscribers in the first quarter, which is a massive drop
Soon after the company announced that it had lost 200,000 users, its share price fell by nearly 26%
The company has blamed everyone but itself for the subscriber reduction. It has claimed that the drop is due to inflation