Think of the Netflix binge weekend you had in mind. Well, it seems not everyone does the same thing anymore. But in this case, the streaming giant’s growth slowed down like a car on busy hours and investors could not take it anymore. After-hours, shares dropped precipitously leaving certain Wall Street denizens with the feeling that they witnessed their hard earned money vanish into a TV set.
So, what’s the deal? As it turns out, fewer individuals are subscribing to new Netflix accounts than before. Either they completed watching “Squid Game” or all those cost increases are hurting their pockets. However, that may be, such news did not delight investors.
However, before you unsubscribe in a storm of sympathy, things may not be as bad as they appear. Netflix remains a major player in the streaming market, and it’s got some tricks to return on track. Think of a new series, better deals, and probably a “Stranger Things” themed fidget spinner (just kidding… maybe).
The bottom line? Netflix may be facing some challenges but they are not out of the race yet. Notice how they do so, but remember that even the most excellent series have an episode or two slow.
For more trending news visit our page: https://todaytrendingnewz.com/category/today-tranding-news/.
