Streaming stocks tumbled early Wednesday after Netflix lost subscribers in the first quarter and said it expects to lose 2 million net subscribers in the current quarter. Shares of Netflix (ticker: NFLX) dropped 25.2% in premarket trading to $260.86 after the streaming leader reported its first loss of subscribers in more than a decade. Roku (ROKU) fell 6.2% in premarket trading and Walt Disney (DIS) declined 4.3%. Read More...
Streaming stocks tumbled early Wednesday after Netflix lost subscribers in the first quarter and said it expects to lose 2 million net subscribers in the current quarter. Shares of Netflix (ticker: NFLX) dropped 25.2% in premarket trading to $260.86 after the streaming leader reported its first loss of subscribers in more than a decade. Roku (ROKU) fell 6.2% in premarket trading and Walt Disney (DIS) declined 4.3%.
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