Netflix shares fall 6% on outlook of slowing revenue growth
NFLX Netflix Inc
$65.85 -1.79%
View chart & analysis → - 1Netflix laid off 1,000 employees, representing 6% of its workforce, last week.
- 2Netflix projected an 11.5% year-over-year revenue growth for the fourth quarter.
- 3The stock price fell 6% following this news.
So what's the key point?
Netflix laid off 1,000 employees and announced that revenue growth will slow down. The stock price dropped 6% after this news.
Source The Motley Fool +1 · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.