Netflix stock, $NFLX, extends losses to over -6% after reporting weaker than expected guidance.
This puts the stock down -52% from its all time high and at its lowest level since August 2024.
Netflix has now lost -$290 billion in market cap since its high. https://t.co/oyJKCNXF5Q
(@TheKobeissiLetter)
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@Bernard They're lucky. Just imagine how much their value would have diminished, had they assumed Paramount, Warner Bros., debt of seventy-nine plus, billion dollars. They dodged the bullet. Don't get me wrong, I hate Netflix and Hollywood, but I like paying attention. I miss Blockbuster Videos.
