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GOOGL / Attention turns to other FAANG companies as Netflix's shares plummet

Netflix was the first of the FAANG (Facebook/Meta, Apple, Amazon and Google/Alphabet), companies to release results in 2022, with companies to report this season and it set a low bar for the rest of its merry band of tech giants to follow A fourth quarter report accompanied by a prediction of a slowdown in new subscribers spooked investors and sent its share price crashing by 26%. Forecasts stand at 2.5mln new subscribers for the Nasdaq listed company were considerably lower than the 4mln achieved for the same period last year and miles short of market forecasts Can its compadres do better? Read More

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Posted: Jan 21 2022, 11:00

Author Name: Proactive Investors

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