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More volatile than Bitcoin? Netflix shares plunge 25%

04/20/2022

Less than a minute

2022.04.20 07:56

More volatile than Bitcoin? Netflix shares plunge 25%

The stock market has once again made crypto look stable by comparison with the Netflix (NASDAQ:NFLX) stock price dropping 25% in after-hours trading tod.

The news that sparked the dramatic tumble was the revelation on Tuesday that the streaming service has lost 200,000 customers in the first quarter of 2022 and projects it will lose a further two million subscribers this quarter. This marks the first time the company has tallied losses in user numbers since 2011 according to Bloomberg.

04/20/2022

Less than a minute

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