Investors are so finicky it's amazing. Expected new users: 222.06m vs actual:221.84m and the stock loses 20% of its value. Is .24m users that big of a deal?
Netflix investors have been worried that the company isn’t adding subscribers fast enough — and today, they started to panic. After Netflix reported lower than projected subscriber additions for the final quarter of 2021, its stock plummeted nearly 20 percent.
The plunge was the lowest the stock had dropped since June of 2020, CNBC noted. Last quarter, Netflix had forecasted that it would report 222.06 million paid subscriptions by the end of last year. Instead, the company reported Thursday that it ended the fourth quarter with 221.84 paid memberships.
Investors are so finicky it's amazing. Expected new users: 222.06m vs actual:221.84m and the stock loses 20% of its value. Is .24m users that big of a deal?