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Netflix Has 208 Million Subscribers But Its Shares Are Plunging

today21 April 2021

Background



Netflix has hit the 208-million subscriber mark and plans to spend US$17 billion on new content this year. And yet, its shares fell 11 per cent in after-hours trading to US$489.28, reducing the company’s market capitalization by US$25 billion.

Why is that the case? After all, ever since the Covid-19 pandemic began last year, Netflix saw 25 million more paid subscribers signing up as millions of people were forced to stay at home. This probably contributed people’s appetite for…

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Written by: Adrian Lai


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Women who consume these vitamins less likely to get COVID-19, study finds

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today21 April 2021

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