In this file photo taken on March 02, 2022, the Netflix logo is displayed on top of their office building in Hollywood, California. – Netflix shares fell more than 30 percent early on April 20, 2022, after the streaming company reported a drop in subscribers for the first time in a decade. About 15 minutes into trading, shares were down 32.4 percent at $235.76 in the first session since the company’s earnings report was released after the market closed on April 19.
Netflix shares slipped more than 3 percent to $589.64 in after-market trades, apparently due to the company saying sales in the current quarter might be less than market expectations. In a separate bid for revenue, Netflix launched an ad-subsidized offering around the same time as the crackdown on sharing passwords outside of homes.
It will follow returning hero Gi-hun as he abandons his plans to go to the United States and “starts a chase with a motive.”
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