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Netflix just lost $50 billion in market cap

Source: CNN Business

Frank Pallotta, CNN Business//April 22, 2022

Netflix just lost $50 billion in market cap

Source: CNN Business

Frank Pallotta, CNN Business//April 22, 2022

New York (CNN Business) – Netflix’s bad 2022 just got much 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.

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