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The Netflix Stock Drops Following the Weak Growth Guidance Report

Over the years, Netflix has been demonstrating that streaming is not only about entertainment but also is a strong business that has been constantly gaining new subscribers, entering the gaming business, developing original movies and TV shows, and trying out new monetization models like ads. Nevertheless, no matter how successful a company is, there is always a possibility to become disappointing to the financial community with its future projections. Recently, the stock of Netflix declined following the weak growth projection from the company despite decent financial performance. The reaction was very fast since the stock market tends to react based on future forecasts rather than current performance. This article will cover why Netflix stock dropped following the weak growth forecast and what the earnings report by the company show. Why Did Netflix Shares Drop? The stock value of Netflix fell when the...