Netflix stock plunges nearly 20 per cent amid subscriber growth worries

🔴 Netflix stock plunges nearly 20% amid subscriber growth worries

1/21/2022 1:30:00 PM

🔴 Netflix stock plunges nearly 20% amid subscriber growth worries

Investors are worried Netflix may have be nearing its peak in popularity

It capped a challenging year for Netflix after it reported eye-popping gains during the pandemic lockdowns of 2020 that drove homebound people to its service.Investors concerns that Netflix may be nearing its peak in popularity have pushed the stock price down by more than 30 per cent from its peak of roughly $700 reached in mid-November 2021.

In 2021, Netflix reported its slowest pace of annual subscriber growth in five years.(ALASTAIR PIKE/AFP/Getty Images)Netflix picked up 18.2 million worldwide subscribers during 2021, its slowest pace of annual growth in five years. This came after Netflix gained more than 36 million subscribers during 2020.

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After Life fans bombard Netflix with same demand following hilarious series 3 scene It capped a challenging year for Netflix after it reported eye-popping gains during the pandemic lockdowns of 2020 that drove homebound people to its service. Investors concerns that Netflix may be nearing its peak in popularity have pushed the stock price down by more than 30 per cent from its peak of roughly $700 reached in mid-November 2021. In 2021, Netflix reported its slowest pace of annual subscriber growth in five years. (ALASTAIR PIKE/AFP/Getty Images) Netflix picked up 18.2 million worldwide subscribers during 2021, its slowest pace of annual growth in five years. This came after Netflix gained more than 36 million subscribers during 2020. The service now boasts nearly 222 million worldwide subscribers worldwide – more than other video streaming leader – but other services backed by deep-pocketed rivals such as Walt Disney Co and have been making inroads in recent years. Access unlimited streaming of movies and TV shows with Amazon Prime Video Sign up now for a 30-day free trial Amid escalated competition, with a bevy of other networks also moving towards video streaming, Netflix announced its decision to expand into video games in 2021. Recommended