Woah! Netflix stock cratered 25% after the Q1 report Netfli | fbsonlinetrading

Woah! Netflix stock cratered 25% after the Q1 report

Netflix reported a loss of 200 000 subscribers during the first quarter. It has happened for the first time in more than 10 years. After the Q1 report was published, the Netflix stock plunged as much as 25% in after-hours trading.

Moreover, the streaming giant expects to lose another 2 million in the second quarter.

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