Netflix Loses $14 Billion In Market Value

Published October 21, 2020 39 Views

Rumble On Wednesday, Netflix sank as much as 6%.
The dip came after Netflix missed expectations for third-quarter subscriber growth and profits.
The streaming titan added 2.2 million subscribers over the three-month period, less than Wall Street's 3.3 million estimate.
According to Business Insider, Netflix revenue beat expectations, earnings per share of $1.74 missed the $2.13 Street estimate.
The stock tumble saw as much as $13.9 billion erased from Netflix's market cap.

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