Wow. Netflix dropped over 20% - over $100/share - over a 24 hour period. All of big tech is taking a hit this week, but this is a big one. Netflix actually had the audacity to blame covid for it. Covid should have had the opposite effect if everyone was staying home and not working.
I would more likely blame it on everyone and their brother starting other streaming services. Plus Netflix going overboard on their crappy and woke original content. For every series like The Witcher, there are literally 100 crappy "diverse" shows and movies.