Twitter has been the talk of the town now due to its planned acquisition by Elon Musk. Plus, the company lately reported earnings beat and sales miss. Shares gained in the keytrading session due to a jump...
The S&P 500 and the Dow Jones dropped 2.8% and 2.4%, respectively, while the teach-heavy Nasdaq Composite Index bore the brunt, falling 4% ??? the worst drop since September 2020.
Netflix lost subscribers for the first time in a decade and guided for an even bigger subscriber loss for the current quarter.
Wall Street analysts have turned pessimistic about Netflix ahead of its earnings as they are bracing for possibly the slowest growth in 10 years.
We have highlighted the three ETFs each from the best and worst performing zones of first-quarter 2022.
Disappointed by the weak subscriber guidance, shares of Netflix fell as much as 20% in after-hours trading to the lowest levels since June 2020, erasing about $45 billion in market value.
Netflix has raised the price of its monthly subscription packages by $1-$2 ahead of the earnings release.