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Netflix’s correction quarter: Streaming giant stumbles after benefiting from early pandemic surge

Netflix’s correction quarter: Streaming giant stumbles after benefiting from early pandemic surge

Posted By: Editorial Teamon: April 20, 2021In: CINEMANo Comments

Investopedia defines a “correction” as a “decline of 10% or greater in the price of a security, asset, or a financial market.” This was Netflix’s correction quarter. Shares slumped more than 10% after hours after Netflix announced it had added just under 4 million subscribers in the first quarter — missing the company’s forecast of 6 […] Read more

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