Netflix Promises Growth After Stock Slides Most in Three Months

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  • Bloomberg Quicktake: Now published this video item, entitled “Netflix Promises Growth After Stock Slides Most in Three Months” – below is their description.

    Netflix Inc. suffered its worst stock decline in three months after the streaming giant got off to a slow start in 2021 and gave a disappointing forecast for the latest quarter.

    The shares fell as much as 4.8% to $505.61 on Wednesday in New York, marking the biggest decline since April 21 — the day after another poorly received quarterly report.

    The company is facing a slowdown after pandemic lockdowns sent its membership soaring in 2020, but executives sought to assure investors Tuesday that there was plenty of room to grow. The company is also looking to new offerings such as video games to keep subscribers loyal.

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    In This Story: Netflix

    Netflix, Inc. (NASDAQ: NFLX) is an American technology and media services provider and production company headquartered in Los Gatos, California. Netflix was founded in 1997 by Reed Hastings and Marc Randolph in Scotts Valley, California.

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