"The company said it lost 200,000 subscribers in its first quarter, falling well short of its forecast of adding 2.5 million subscribers. Suspending service in Russia after the Ukraine invasion took a toll, resulting in the loss of 700,000 members.
Wall Street sent Netflix's stock tumbling 26% after the bell on Tuesday and erased about $40 billion of its stock market value. Since it warned in January of weak subscriber growth, the company has lost nearly half of its value. " [Reply]
No one does options here? I threw 1000 into a webull account and so far I've doubled it and been as high as 2600. I have like the most novice knowledge about options so this is just play money. If I lose it all, oh well it was fun and it was just 1000. If I actually make money, neat! [Reply]
Originally Posted by -King-:
No one does options here? I threw 1000 into a webull account and so far I've doubled it and been as high as 2600. I have like the most novice knowledge about options so this is just play money. If I lose it all, oh well it was fun and it was just 1000. If I actually make money, neat!
Originally Posted by scho63:
Than God Netflix didn't taint the rest of the market. Looked bad yesterday after they announced.
I think the market over reacted to the NFLX stock. they lost 600,000 subscribers and forecast 2 million more out of a base of 218 million. That's only 1% of the base. [Reply]
Originally Posted by Hog's Gone Fishin:
I think the market over reacted to the NFLX stock. they lost 600,000 subscribers and forecast 2 million more out of a base of 218 million. That's only 1% of the base.
But once growth stops and goes in reverse, that's the kiss of death for a high multiple growth stock like Netflix.
A lot of other stocks sold off after market but this morning its only other streamers getting creamed, including, my DISNEY.
I'm down about $24 a share in that fucker. :-) [Reply]
