Stock Market Shock for the Streaming King Netflix! Billion-Dollar Earnings, Founder Exit, and a 10% Crash!
Reading Time: 4 minutes
A strong revenue growth, a seemingly record profit, and nearly 1 billion viewers worldwide; Netflix (NFLX) should have every reason to celebrate after the latest quarterly figures. Instead, Wall Street reacted to the numbers with a pre-market plunge of nearly 10%. A drastically declining margin outlook, results distorted by a billion-dollar compensation, and the surprising complete withdrawal of co-founder Reed Hastings have temporarily driven investors away. However, behind the scenes, the streaming giant is already setting the stage for the next...
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