Netflix shares crater. Streamer loses tens of billions in value. Really.

Netflix lost $50 billion in value in just one day. Is it set to join struggle street, riding the rails with Quibi and CNN+?

Apr 20, 2022

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Netflix shares crater. Streamer loses tens of billions in value. Really.

I guess when you betray the hearts and minds of Wall Street, it has an impact. Upon yesterday's news that Netflix failed to show subscriber growth last quarter and lost 200,000 subscribers globally (with a further 2 million expected next quarter), investors started dumping stock.

In the past 24 hours, Netflix shares plunged 35% - over $50 billion in mark…

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