{"id":1235451,"date":"2022-01-24T13:37:19","date_gmt":"2022-01-24T18:37:19","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1235451"},"modified":"2022-01-24T13:37:22","modified_gmt":"2022-01-24T18:37:22","slug":"netflix-shares-lose-40-percent-of-value-since-start-of-2022","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/netflix-shares-lose-40-percent-of-value-since-start-of-2022\/","title":{"rendered":"Netflix Shares Lose 40 Percent of Value Since Start of 2022"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fnetflix-shares-lose-40-percent-of-value-since-start-of-2022%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1235451&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p class=\"subheading\">Netflix is officially a dog stock, with shares of the left-wing streaming giant losing a whopping 40 percent of their value since the start of 2022 amid anemic new customer figures and analyst downgrades, all of which point to a rockier future ahead for the once invincible company.<\/p>\n<p>Shares of Netflix \u2014 which has a production deal with former President Barack Obama \u2014 were down nearly 12 percent in morning trading Monday after the stock <a href=\"https:\/\/www.breitbart.com\/entertainment\/2022\/01\/20\/netflix-disaster-shares-plummet-nearly-20-percent-as-new-subscriptions-fall-short\/\">plummeted more than 20 percent<\/a> Friday after the streamer reported weaker-than-expected subscriber results for the fourth quarter and a pessimistic outlook for the first quarter of the new year.<\/p>\n<figure id=\"D-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"M-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"gmxrevmore\" class=\"H\"><\/figure>\n<p>And now there\u2019s even more bad news: a new study estimates Netflix could lose hundreds of thousands more subscribers as several Disney-owned hit shows including <em>Modern Family<\/em> and <em>Sons of Anarchy<\/em>&nbsp;are leaving the streamer in the U.K. and migrating to Disney+.<\/p>\n<div id=\"attachment_19569786\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/01\/netflixstocktank1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-19569786\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/01\/netflixstocktank1.jpg\" alt=\"\" width=\"640\" height=\"480\" \/><\/a><\/p>\n<p class=\"wp-caption-text\"><em>Co-founder and director of Netflix Reed Hastings delivers a speech as he inaugurates the new offices of Netflix France, in Paris on January 17, 2020. \u2013 Hastings announced some 20 French projects by Netflix on January 17, 2020. (Christophe ARCHAMBAULT \/ AFP)<\/em><\/p>\n<\/div>\n<p>Analysts at the research firm Digital i estimate Netflix could lose as many as 750,000 customers in Great Britain as these titles ranked among the most-streamed in Europe, according to <a href=\"https:\/\/www.theguardian.com\/media\/2022\/jan\/24\/netflix-could-lose-750000-uk-subscribers-as-disney-takes-control-of-hit-shows\">report<\/a> in the <em>Guardian<\/em>.<\/p>\n<figure id=\"M-ROS-B2\" class=\"a8d\"><\/figure>\n<p>It\u2019s part of a larger trend that has seen legacy Hollywood studios remove more of their content from Netflix in order to build their own streaming services. Disney+ and HBO Max are moving aggressively to lure customers away from the competition as consumers <a href=\"https:\/\/www.breitbart.com\/entertainment\/2021\/12\/02\/study-more-than-150-million-people-will-cancel-a-paid-streaming-subscription-in-2022\/\">grow more reluctant to subscribe to multiple streaming services<\/a> and seek to consolidate their at-home entertainment options.<\/p>\n<p>The avalanche of negative news has prompted several analysts to downgrade Netflix shares.&nbsp;Morgan Stanley analyst Benjamin Swinburne slashed the stock\u2019s target price&nbsp;from $700 to $450, saying the weak subscriber growth has significantly impacted the company\u2019s earnings outlook, according to multiple reports.<\/p>\n<p>Macquarie Research\u2019s Tim Nollen had an even more negative prescription, downgrading the stock from \u201cneutral\u201d to \u201cunderperform\u201d and cutting the price target from $615 to $395.<\/p>\n<p>Netflix has blamed the recent quarter\u2019s weak subscriber growth on the COVID-19 pandemic while also citing growing streaming competition. As usual, the company didn\u2019t address consumer disenchantment with its increasingly woke, left-wing content, including the climate-change satire <em>Don\u2019t Look Up<\/em> and the titles produced under the Obama\u2019s production banner.<\/p>\n<p>Netflix\u2019s top executives are among Hollywood\u2019s most active fundraisers for Democrats.&nbsp;Co-CEO Reed Hastings donated $3 million to help California Gov. Gavin Newsom (D) fight off the recentrecall effort \u2014 the largest amount at the time to the Stop The Republican Recall fund.<\/p>\n<p>Both Hastings and co-CEO Ted Sarandos backed Joe Biden\u2019s bid for the White House.<\/p>\n<p><strong><em>Follow David <\/em><\/strong><strong><em>Ng on Twitter&nbsp;<a class=\"x5l\" href=\"https:\/\/twitter.com\/HeyItsDavidNg\" target=\"_blank\" rel=\"noopener external\">@HeyItsDavidNg<\/a>. Have a tip? Contact me at&nbsp;<a class=\"c-link x5l\" href=\"mailto:dng@breitbart.com\" target=\"_blank\" rel=\"noopener external\">dng@breitbart.com<\/a><\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Netflix is officially a dog stock, with shares of the left-wing streaming giant losing a whopping 40 percent of their value since the start of 2022 amid anemic new customer &#8230;<\/p>\n","protected":false},"author":1,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1235451","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1235451","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1235451"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1235451\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1235451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1235451"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1235451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}