Tech

The Growth of Netflix Moves Towards a Fall

Netflix, which will go past Disney with a 4 percent increase in market value a few months ago, has begun to lose value.

Netflix, the filmmaker and distributor, disclosed the financial report for the 2018 quarter. Netflix retreated to 4.89 percent on Wednesday, with the shares plummeting to $ 321. The company, which has suffered such a big decline for three months, is in a pessimistic market.

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Tecent continues to lose value in the same market in Netflix following the first fall of his wife after 13 years. Netflix has been putting pressure on its shares since the report on July 16th. Netflix, which Wall Street analysts expected to reach $ 3.94 billion in sales and 6.3 million subscribers, posted sales of $ 3.91 million and fell behind expectations with 5.1 million subscribers.

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Wedbush analyst Michael Pachter said Netflix needs to raise its prices to stop the fall. Pachter said that $ 10.99 ($ ​​65.67) to subscribe and $ 20 ($ 119.52) per month should be removed. If this solution is preferred, it is not known how Netflix subscriptions will double the monthly fee, but this decline seems to make radical decisions to Netflix. You can follow Netflix's movements on the market by clicking here

Source:
                    https://markets.businessinsider.com/news/stocks/netflix-stock-price-hits-lowest-level-in-over-3-months-2018-8-1027461941