Analysis: horror on the stock market forces Netflix to take emergency measures like commercials | Financial

On Wall Street, Netflix itself starred in a horror film on Wednesday. The streaming giant lost $46 billion in market capital in one fell swoop. During the corona crisis, Netflix still grew considerably, but last quarter the number of subscribers fell for the first time in ten years. The forecast is that many more subscribers will drop out in the coming quarter. The clear language of the shareholders is forcing CEO Reed Hastings to take measures he used to be staunchly against, such as tackling subscription sharing.

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