In the three weeks following this episode, the price of
Netflix shares dropped 45 percent, and Wall Street questioned the company's acumen.
Not exact matches
The broader U.S. stock market may be rebounding, but
shares of
Netflix remained in the red Wednesday, adding to an overall stock
drop of more than 13 % this week for the popular video streaming service.
Now that the dust has settled, those bearish speculators haven't gone anywhere, with
Netflix short interest — a measure of bets that
share prices will
drop — still perched near highs.
Netflix (nflx) has fallen even further, down more than 7 %, while Amazon (amzn) stock has declined 5 % and
shares of Google parent Alphabet (googl) have
dropped 4 %.
Amazon, Alphabet (parent company of Google),
Netflix and Facebook all saw big hits, with an $ 85 billion
drop in
share value on April 24, though markets were kinder in later days.