There’s always a reason. Pretextual reasons for stocks falling abound - Wokeism, password sharing policy pissed people off, etc. but those are always either marginal or completely irrelevant.
Netflix is likely the target of a short attack where their stock price is undermined via financial engineering, in order to reduce their ability to fundraise and make it easier to acquire them which clears the way for a monopolization of the market. Wall street wants 2 things (domestically) - to have a portion of every dollar spent go to them via a monopoly on everything (amazon = CHOAM from Dune) and a portion of every dollar earned earmarked for them via getting every american into debt.
Also, the decrease in subscribers is very real and is likely the result of no specific decision but of the fact that inflation is at all time highs (I think we are likely over the levels of the 1970s) and wages are still stagnating. People are having to make decisions they didn’t have to make a couple years ago. Welcome to the depression comrades.
Edit: the reason I think they are being shorted is because sentiment does not evaporate that quickly on an established company like netflix and there are too many parties who would benefit from their demise.
There’s always a reason. Pretextual reasons for stocks falling abound - Wokeism, password sharing policy pissed people off, etc. but those are always either marginal or completely irrelevant.
Netflix is likely the target of a short attack where their stock price is undermined via financial engineering, in order to reduce their ability to fundraise and make it easier to acquire them which clears the way for a monopolization of the market. Wall street wants 2 things (domestically) - to have a portion of every dollar spent go to them via a monopoly on everything (amazon = CHOAM from Dune) and a portion of every dollar earned earmarked for them via getting every american into debt.
Also, the decrease in subscribers is very real and is likely the result of no specific decision but of the fact that inflation is at all time highs (I think we are likely over the levels of the 1970s) and wages are still stagnating. People are having to make decisions they didn’t have to make a couple years ago. Welcome to the depression comrades.
Edit: the reason I think they are being shorted is because sentiment does not evaporate that quickly on an established company like netflix and there are too many parties who would benefit from their demise.