The papers of the American streaming company Netflix They recorded a 30% drop at the opening of the New York Stock Exchange at the beginning of the day on Wednesday, and were located in the line of US $ 244.95 per share.
As reported by the international portal Bloomberg, Netflix has lost US $ 46,000 million in market value in recent hours, after confirming a terrible drop in the number of subscribers it has, the worst in a decade.
With this, the company rounds off a drop of around 60% and is positioned as the worst performing stock in the S&P 500 and the Nasdaq 100. Netflix has promised to make a series of changes in its business to stop this exodus.
Wall Street analysts slashed their price targets for the streaming video company, while at least seven brokerages downgraded the stock.
Netflix shares suffered this year as the pandemic-era surge in user sign-ups faded and investors turned away from the high-value technology.
Among the measures that Netflix plans to take in the future to contain this flight of creditors, is the possibility of introducing a cheaper option supported by advertising for videos in the next two years. It will also crack down on people who share your passwords.
The data
Other stocks that benefited from the lockdowns, including Etsy, Zoom Video Communications and DocuSign, have also suffered deep losses, down from 33% to 47% in 2022, as these companies struggle to build on the gains they made in pandemic.
Source: Larepublica
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