Netflix shares tank 20% on weak subscriber outlook
CNN
Netflix's stock fell 20% in after hours trading due to a bad outlook for its future growth.
Netflix (NFLX) now has 221.8 million subscribers globally. It added 8.2 million subscribers in the fourth quarter of 2021, the company reported on Thursday.
That number slightly missed the streaming service's own expectations, which had the streamer adding 8.5 million subscribers.
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