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The Netflix Stock Crash - Takeaways from a Netflix Content Strategy Alum & Screenwriter
Netflix announced Tuesday, April 19th that it had lost 200K subscribers in Q1 2022, its first quarter of subscriber losses in over a decade. Wednesday, the stock plummeted by 35% and $54bn of market cap was wiped out. More pessimistically, the company predicted it would lose an order of magnitude greater number of subscribers in Q2 at 2M projected sub losses.