Netflix's Value Plummets by $24B in Past Week
Things went from extremely bad to a whole lot worse forNetflixover the last few days, as their stock continues to plummet following last week’s worse than expected quarterly report. Over the last week, the company’s stock has tumbled by nearly 20 percent, which has resulted in a $24 billion loss in overall value. Worse still is that things aren’t expected to stabilize just yet and shares are expected to fall even further before there is any real turnaround....