What streaming service and production company recently lost subscribers for the first time in more than 10 years, causing its stock to drop dramatically?

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asked Sep 14, 2023 31.0k views

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ThottChief · Answer 1 · 2023-09-20T04:46:49+0000

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Topline. Shares of Netflix cratered more than 35% on Wednesday after the streaming giant reported lackluster quarterly earnings that showed its first subscriber loss in more than a decade—with the company warning that it expects to lose even more in the months ahead.

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What streaming service and production company recently lost subscribers for the first time in more than 10 years, causing its stock to drop dramatically?

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