Netflix stock is still down 70 percent despite the ‘short-term relief’ provided by the release of the final two episodes of Stranger Things season four.
The platform’s stock has been on the rise since Friday when an overwhelming influx of viewers pushed Netflix beyond its capacity and caused it to crash.
Analysts warn Netflix is still a ‘business in transition’ trying to ‘battle subdued’ subscriber growth fueled by record-high inflation rates and stiff competition from Amazon, Apple and Disney+.
Netflix lost 200,000 subscribers at the end of Q1, shrinking the value of the company nearly 70 percent. It also announced it expects to lose another 2 million subscribers by the end of Q2.
The platform also cut 300 staffers in late June, weeks after laying off off over 150 employees as it…
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