This is the worst drop the company has suffered in a single day in over three years, which equates to the $17 billion loss.
The streaming wars are officially here, everyone and it’s no longer a guarantee that Netflix will be able to stay on top.
In a rare instance, it was a very bad day for Netflix on Thursday, as the streaming giant lost a whopping $17 billion in overall value.
Netflix is also losing some of their most popular licensed content, including Friends and The Office, as the competition heats up.
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