Netflix shares plunge after report of subscriber drop
NEW YORK/LOS ANGELES (UPI) -- Netflix, once the king of streaming, saw its shares tumble 37% Wednesday after its earnings report revealed that its lost subscribers for the first time in more than a decade. The media company said it lost a net 200,000 subscribers in the first three months of the year even though it added 500,000 worldwide. It lost 700,000 subscribers in Russia after pulling out of the country because of its invasion of Ukraine followed by sanctions. Netflix […]