Losing over 40 points of their shares, Netflix (NFLX) is hurting in the stock market. That's nearly a 40 percent drop - in just one day - for the streaming media and DVD-by-mail giant. If things don't get better for Netflix, stockholders and subscribers will continue to run away from the "red" (as seen in the logo, stock, and company).
Netflix is fresh off downgrades to the stock with the departure of many subscribers. However, they have announced that cancellations will likely continue following past events - the price hike and initial exit of many loyal customers. This has naturally caused a fallout that manifested itself in the stock market, plummeting NFLX.
Of course, the fallout has been caused by Netflix's recent practices. Surely there are angry present and past companies seeing the irony - a 60 percent price increase equalling the nearly 40 percent drop in the stock. It will surely take a lot for the company to regain its ground, especially in the competitive market that is developing in streaming media.
Apparently Netflix is putting stock - no pun intended - in plans to expand overseas, according to recent reports. But will U.K. and European customers have the same approach as those in the United States? If so, you might want to stay away from all things here - Netflix and NFLX included.