Netflix subscriber growth slows after pandemic boom, shares fall 11%

Shares of Netflix sunk 11% in after-hours trading to $489.28, wiping $25 billion off the company's market capitalization. Its stock has risen 27% over the past 12 months compared with a 63% increase in the tech-heavy Nasdaq Composite Index.

from Markets-Economic Times https://ift.tt/32ycF3T