Where Will Netflix Be In 5 Years?
Netflix's (NASDAQ: NFLX) stock closed at an all-time high of $691.69 last November. But today, the streaming video giant's shares trade at about $180 and are languishing at their lowest levels in about five years.
Netflix's stock crashed for three main reasons. Its growth cooled off in a post-lockdown world, it lost subscribers for the first time in more than a decade in the first quarter of 2022, and its operating margins declined as it ramped up its spending to counter its competitors. Its decision to launch a cheaper ad-supported tier also implied it was starved for new viewers.
Image source: Getty Images.
Source Fool.com
