Woke Fail: Netflix Shares Plummet More Than 50 Percent in 2022 — Worst Year in More than a Deca...

Woke Fail: Netflix Shares Plummet More Than 50 Percent in 2022 — Worst Year in More than a Decade
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Netflix has closed out its worst year in more than a decade, with its stock plunging more than 50 percent and wiping out a staggering $136 billion in market value. For 2022, Netflix shares dropped 50.6 percent, the most the stock has declined on an annual basis since 2011. For the first time, the once-invincible company lost subscribers for two consecutive quarters, ushering in a period of painful belt-tightening that has included several hundred layoffs. Netflix’s decline outpaced the Nasdaq, which was down 33.1 percent for the year. The left-wing streamer, which continues to have a production deal with Barack...
Source: https://www.newswars.com/woke-fail-netflix-shares-plummet-more-than-50-percent-in-2022-worst-year-in-more-than-a-decade/