Why Did Netflix’s Subscribers and Stock Go Down so Fast?

Netflix co-CEO Reed Hastings has long been the biggest evangelist for the platform, though now he’s effectively blamed user password sharing and competition for the company’s declining fortunes.Photo: Britta Pedersen/picture-alliance/dpa (AP) Netflix’s stock price fell so fast last month it made the Wile E. Coyote whistle sound effect of a bomb plummeting to earth. The … Read more