Could Netflix Become the Next Buffett Stock?
Netflix's (NASDAQ: NFLX) results for the first quarter of 2022 shocked its shareholders.
The company said it lost 200,000 subscribers -- its first such decline in more than a decade. And because of the turmoil created by Russia's invasion of Ukraine, Netflix warned it could lose 2 million more paying customers in the second quarter.
The results compelled many investors to sell their stock, plunging to its lowest price since 2017.
Source Fool.com
