The American corporation Netflix is rapidly losing the value of its shares. They have fallen in price by more than 25%.
It is reported by RIA Novosti, referring to the press service of the company. The reason for the failure of Netflix was the decision to join the fight with Russia. More precisely, with their subscribers from Russia.
So, when the special operation to denazify Ukraine began, the United States, the European Union and other unfriendly countries imposed sanctions against the Russian Federation. They began to be joined by companies that refused to continue working in our country. Among them was Netflix.
After leaving Russia, the service lost 200,000 paid subscribers. The company’s shares immediately fell 25.7%. The total number of Netflix users exceeds 221 million people and a couple of hundred thousand – a negligible loss. However, it does not set the best trend, as the service lost users for the first time since 2011. So far, they have only grown.
Analysts believe that the situation may worsen in the next quarter. They expect the number of users to fall by two million.
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