Netflix's collapse is a warning sign for stocks
CNN
Shares of Netflix are imploding after the company reported its first quarterly loss of subscribers in more than a decade, far underperforming expectations and worrying investors that had been betting that a handful of big tech companies would continue to grow at a rapid clip.
What's happening: Netflix's stock dropped 30% when the market opened on Wednesday, instantly wiping more than $45 billion off the value of the company.
More Related News