Netflix is facing what can only be described as a nightmare scenario as customers continue to abandon the far-left streaming entertainment giant in droves, …
Netflix is facing what can only be described as a nightmare scenario as customers continue to abandon the far-left streaming entertainment giant in droves, threatening the company’s financial stability. Shares of Netflix plummeted more than 20 percent in after-hours trading Tuesday after the streamer reported catastrophic results for the first quarter. $NFLX -25% pic.twitter.com/ChqjpC0Qxr Joe Weisenthal (@TheStalwart) April 19, 2022 So far this year, Netflix shares are down a staggering 55 percent. Netflix, which still has a production deal with Barack and Michelle Obama, said it lost 200,000 subscribers for the first quarter of the year — a huge miss for the company, which had expected to add 2.
