Since it’s top ($700) in November 2021, Netflix has plunged to $215 this week.
That’s a massive 69% plunge in just 6 months.
This makes Netflix the worst performer in the S&P500 and NASDAQ100 this year.
The last time Netflix stock was this low – was January 2018.
Back when the US-China Trade War was all we had to worry about (those simpler times…).
So… Netflix at $215, at 2018 prices, after a 69% collapse.
Will I buy this stock at $215?
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Why did Netflix stock plunge 35% this week?
The latest Q1 2022 results were a big shocker.
For the first time in Netflix’s history ever, the number of paid subscribers fell:
See the red circled box above – paid subscribers fell by 200,000 this quarter....
