Netflix stocks this Wednesday (20) Nasdaq Stock Exchange. Shares at the beginning of the trading day, almost 40% drop compared to the value of the same period of the previous day.
In addition, the expectation is that this number of old users will only increase in the coming months. If the trend continues, Netflix will Loss of market value of up to US$ 60 billion, According to estimates shared by Bloomberg.
That’s because, among other things, a letter was released to investors yesterday (19) reporting the loss of 200,000 subscribers in the first quarter of 2022 – the first record decline in paying members in a decade. platform.
According to the current trading trend on the Nasdaq, stock dips could reach as much as 40% at the end of the day, causing the unit price to drop below $200 – something the platform hasn’t experienced since 2018. crescent.
old sunday darling
By BloombergThe announcement of negative results was even more impactful than expected: the prospect of a decline has shaken the confidence of analysts and investors, who previously owned Netflix, one of the favorites at the top of the Nasdaq chart. technology sector.
Factors contributing to the drop in payer numbers include the easing of measures to isolate the covid-19 pandemic, the recent increase in service prices around the world, increased competition from other platforms, and the suspension of service as a cutoff in Russia. The result, among other reasons, is the invasion of Ukraine.
In order to save some of the base, or at least prevent the continuation of the subscriber congestion, Netflix has already confirmed that it will delve deeper into the implementation of a cheaper plan, but with ads. The company is also working on pricing solutions for password sharing.
Source: Tec Mundo
