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Netflix Inc (NFLX.O) said inflation, the war in Ukraine and fierce competition contributed to a loss of subscribers for the first time in more than a decade and predicted more contraction ahead, marking an abrupt shift in fortune for a streaming company that thrived during the pandemic.

Netflix's 26% tumble after the bell on Tuesday erased about $40 billion of its stock market value. Since it warned in January of weak subscriber growth, the company has lost nearly half of its value.

The company said it lost 200,000 subscribers in its first quarter, falling well short of its forecast of adding 2.5 million subscribers. Suspending service in Russia after the Ukraine invasion resulted in the loss of 700,000 members

This is great news poal! I know none of us here still continue to watch that shit but when Netflix does finally collapse we can all rest easy knowing that a bunch of Jews, fags and white hating niggers no longer have jobs. Can you even imagine a fucking former Netflix actor having to apply for a job that requires actual physical labor? The thought alone gives me a boner.

>Netflix Inc (NFLX.O) said inflation, the war in Ukraine and fierce competition contributed to a loss of subscribers for the first time in more than a decade and predicted more contraction ahead, marking an abrupt shift in fortune for a streaming company that thrived during the pandemic. >Netflix's 26% tumble after the bell on Tuesday erased about $40 billion of its stock market value. Since it warned in January of weak subscriber growth, the company has lost nearly half of its value. >The company said it lost 200,000 subscribers in its first quarter, falling well short of its forecast of adding 2.5 million subscribers. Suspending service in Russia after the Ukraine invasion resulted in the loss of 700,000 members This is great news poal! I know none of us here still continue to watch that shit but when Netflix does finally collapse we can all rest easy knowing that a bunch of Jews, fags and white hating niggers no longer have jobs. Can you even imagine a fucking former Netflix actor having to apply for a job that requires actual physical labor? The thought alone gives me a boner.

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[–] 4 pts

Dayum, I love some good news with my coffee!

Fucking pedokikes must be crying out in pain as karma is bitching them.