Netflix loses subscribers, tanking the stock 20%
CNN
Netflix's bad year just got worse.
After shares tanked earlier this year because of concerns over its subscriber growth, the streaming leader said that it lost subscribers when it reported first quarter earnings on Tuesday.
Netflix (NFLX) now has 221.6 million subscribers globally. It lost 200,000 subscribers in the first quarter of 2022, the company reported on Tuesday. The service was expected to add 2.5 million subscribers.
Senate Democrats have confirmed some of President Joe Biden’s picks for the federal bench this week in the face of President-elect Donald Trump’s calls for a total GOP blockade of judicial nominations – in part because several Republicans involved with the Trump transition process have been missing votes.
A former University of Virginia student pleaded guilty Wednesday to fatally shooting three football players and wounding two other students on the Charlottesville campus in 2022.
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“I want to say to my babies that your mama loves you so much…” Susan Smith, then 23 years old, tearfully said to the scrum of news cameras.