Shares of leading streaming player Netflix (NASDAQ: NFLX) is reeling from a sharp drop in prices, following the announcement of its 4Q21 results after the market closed on Thursday, January 20. The share prices closed 21.79% lower on Friday and dropped a further 1.89% in the pre-market trading session. So far into the new year, the NFLX stock has declined 33.46%. After being one of the best performers among fellow S&P 500 companies in 2020, the share prices haven’t done too well in the past year either, recording a 28.61% decline.
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