[NON-BUSINESS] Netflix stock down 35% and $50 billion wiped off the market cap, ouch

[TheButcher]

Serious bad news for Netflix stock holders, not a good day for them.

"Netflix closes down 35% wiping more than $50 billion off market cap"


https://www.cnbc.com/2022/04/20/netflix ... -loss.html

[Dallastim]

Serious loss for investors

[gotonudecom]

Serious loss for investors

great for users.

only dumbasses would increase membership fees now.

[3ric]

The pandemic was good for so many online business, with people returning to more regular lifestyles and the weather becoming nicer, less people will be glued to their laptops in their homes.

[Sandman]

Their growth rate was unsustainable

[BrasSmonkey]

we all know that market died long ago! blockbuster moved on. netflix needs to move into the movies and tv show market hard.

[Jessup]

we all know that market died long ago! blockbuster moved on. netflix needs to move into the movies and tv show market hard.

[JPDomains]

When sales are slow there is only one solution, drop your prices the public pay.

[BrasSmonkey]

When sales are slow there is only one solution, drop your prices the public pay.

they have to fire people to do that

[gotonudecom]

When sales are slow there is only one solution, drop your prices the public pay.

they have to fire people to do that

no they don't

pay their stock holders less
give out less bonuses
stop paying shitty CEOs too much

many options before firing people.

and if they can fire people, why did they hire them to begin with if they were not needed?

not like they have customer support??

[BrasSmonkey]

When sales are slow there is only one solution, drop your prices the public pay.

they have to fire people to do that

no they don't

pay their stock holders less
give out less bonuses
stop paying shitty CEOs too much

many options before firing people.

and if they can fire people, why did they hire them to begin with if they were not needed?

not like they have customer support??

yeah they are not going to screw over stock holders

[Boner]

Think outside the box, look at the history of Amazon, learn from Jeff Bezos.

[Sandman]

my stocks and shit have been wrecked last few weeks.