Netflix (NASDAQ: $NFLX) Is Worst-Performing Stock in S&P 500

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Of the 500 stocks in the S&P 500, woke Netflix (NASDAQ: $NFLX) is performing the worst.

Netflix (NASDAQ: $NFLX) shares have fallen more than 40 percent since then and more than 70 percent from their peak last November.

Back in those pre-pandemic days, shares of Netflix and other tech companies were soaring. But given the competition that Netflix was beginning to face, and the debt it was accumulating, it seemed inevitable that the company’s stock would plummet if it ever had trouble adding subscribers. Now that time has come.

Next quarter, Netflix expects to lose two million of its 200 million subscribers.

It is earnings season on Wall Street, the quarterly stretch when big publicly traded companies, including tech giants like Apple, Amazon, Facebook (which calls itself Meta), Alphabet (which owns Google), and Microsoft trot out numbers that tell stock analysts and investors how these companies have been doing.

There’s something more going on. Something additional. A form of rejection unique to Netflix. If you have Netflix, you know exactly what it is. Its menu is an infinity of shit.

Netflix has a unique problem. All the other streaming services — Paramount+, Disney+, HBOMax, ESPN+, Peacock, Amazon, and HULU, have something Netflix does not: A massive library of older, pre-woke titles.

Netflix bent over and said yes to everything. That may be the beauty of the platform, but it may also be the risk of its demise. The platform is in dire need of another home run – a heavy hitter – like House of Cards was back in the day to be able to fight off the competition and convince investors that it has still got what it takes.

 

Source: NY Times, Breitbart

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Luka Marjanovic

Partner

As Partner at Internet Bull Report, Luka brings deep expertise in Capital Markets, Financial Marketing, and Strategic Communications to his work advising clients. He is passionate about exceptional client service and devising transformational strategies that enable unrivaled performance. Luka holds a Bachelor’s in International Business and a Master’s in International Management. Over the years he has worked with organizations across a wide range of industries, playing a lead role in defining and delivering the strategy and direction of new and existing business operations. Prior to his business education, he studied biology-and-biotechnology and served in the Danish Royal Army as Second Sergeant; leading and managing a group under extreme pressure and conditions. Luka has spent significant time abroad, living and working in seven different countries. When he's not in the office, he's chasing the next gusts windsurfing, carving the mountain snowboarding, or out in the forest for a jog.