Could Netflix Tumble Down The Crypto Market?
On Tuesday, the crypto market looked good in comparison to Netflix (NFLX). The shares of the world’s leading streaming company fell 27% to $256 in after-hours trading reaching 2019 levels after announcing a massive loss of 200,000 subscribers in the first quarter of 2022. This translated to roughly a $40 billion loss in half an hour. This is the first time the company loses customers since 2011 and is expecting to lose 2 million more in the current second quarter. NFLX is already 63% down from its All-Time High and over 40% this year. “For those wondering how long a miss....
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Netflix, the world-famous streaming platform has put a ban on crypto-related advertisements and commercials. These ads shall not be allowed on the ad-supported subscription tier. This is planned on being launched in the month of November, which is quite early to the scheduled date. According to other local sources, it was reported that Netflix has […]
On Friday, a well-known American streaming service, Netflix, announced that it ordered a docuseries on crypto laundering linked to Bitfinex’s historic hack of 2016. Netflix came to this move after the aspiring rapper Heather Morgan and her husband Ilya Lichtenstein got arrested in New York last week, alleged by the Department Of Justice (DOJ) in […]
Bitcoin – a decentralized, truly global currency. Netflix – a streaming platform that just went global. Do both stand to gain by coming together? One of the biggest stories of the 2016, so far, is Netflix’s global expansion that saw the streaming service reach a 130 new countries. The new rollout now sees Netflix beaming to a total of 190 countries, worldwide. It’s a significant move. Millennial pirates the world over, those who were too young or unemployed to pay at one time, may now see Netflix as a good package deal, with the company’s extensive library and its much acclaimed and....
At the Citi Internet, Media & Telecommunications conference, Netflix chief financial officer David Wells expressed his optimism towards Bitcoin, and how it is shaping to become the global currency of most major industries. According to Market Realist, a prominent investment research establishment which covered the event, Wells stated: “It sure would be nice to have Bitcoin in terms of a global currency that you could use globally.” Why Netflix is Interested in Bitcoin. As MR researcher Shirley Pelts explained in a 5-part series entitled “Tools in Netflix's Wheelhouse to Meet....
The streaming service’s stock price took a major hit after releasing disappointing user numbers, making some in the crypto community cry foul at the volatility. The stock market has once again made crypto look stable by comparison with the Netflix (NFLX) stock price dropping 25% in after-hours trading tod.The news that sparked the dramatic tumble was the revelation on Tuesday that the streaming service has lost 200,000 customers in the first quarter of 2022 and projects it will lose a further two million subscribers this quarter. This marks the first time the company has tallied losses in....