😱The collapse of the world's largest video streaming service has been so rapid that in just six months its market capitalization has shrunk by more than $220 billion. Recall that in the first quarter of 2022, the service lost 200 thousand customers, and in the current quarter the company expects to lose another 2 million subscribers.
👀 Wall Street analysts do not expect the company's prospects to improve in the short term, especially given the rising risk of a #recession and the desire of consumers to cut costs amid the highest inflation in 40 years.
📉With that said, NFLX stock price could drop to $150.
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