Netflix shares fall 18% on slowing subscriber growth
Netflix just raised monthly prices a few days ago. I guess investors have voted with their feet now, and decided that the price uptick is not going to make up for the slowing subscriber growth.
It's almost as though repeatedly raising prices increases revenue at the cost of subscriber numbers. Wild.
They dropped a bunch of new content around Christmas and numbers still went down...
Not that much of it was very good, but I would have expected a little temporary goosing for Cobra Kai or The Witcher.
Finally Netflix bubble popped.