The golden days for American video streaming platform Netflix, Inc. (NASDAQ: NFLX) seem to be fading away. The pandemic-driven restrictions forced people to stay glued to their TV sets streaming movies and shows online. However, as the spread of the virus is slowing down, so does the revenue growth of the subscription service provider. Add to that a host of both local and international competitors vying to grab the consumers' attention, coupled with rising costs. Investors' worst fears came true when Netflix reported its fourth-quarter results, which failed to meet both revenue and subscriber expectations. Shares plunged more than 20% during the extended trading session on January 20.
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Netflix (NASDAQ:NFLX)
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