Netflix stock dive 40% after first loss of subscribers over 10 years ...Middle East

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Netflix stock dive 40% after first loss of subscribers over 10 years
ANKARA: Netflix stock price plummeted almost 40 per cent on Wednesday after the company announced its first loss of subscribers in over 10 years.The stock price of Netflix fell to as low as US$212.51 per share on the Nasdaq after the opening bell, down 39 per cent from its previous close of US$348.61 a share, Anadolu Agency reported.The sudden decline came a day after Netflix lost 200,000 subscribers during the first three months of 2022, marking the first loss of users since October 2011, it added.The US-based global streaming service and production company cited account sharing, revenue decline, and rising competition as major issues.“Our revenue growth has slowed considerably ... large nu

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