If you’ve been waiting for a solid opportunity to buy Netflix stock, I believe now is the time.
Friday at the opening of Stock Exchange from USA, I receive a notification from Yahoo Finance with Netflix stocks that decreased with 20%. In the next moment I have searched on Google what happened and I thought is was a good moment to invest in this company.
Let’s see why this company decrease its price from $500 to $400!
According to Reuters, Netflix noted in a letter to shareholders that one likely explanation for the expanding user base is the pandemic-induced economic hardships in many regions of the world. Analysts predicted that by 2022, the phenomena of growing the subscriber base would have stabilised the company’s major fluctuations and returned the shares to their pre-pandemic growth rate.
Netflix’s customer base grew by 8.3 million in the fourth quarter of 2021, compared to an estimate of 8.4 million by analysts. The number of global consumers reached 221.8 million at the end of the year, a growth of 18.2 million from 2020.
Netflix announced a price hike for streaming services in the United States and Canada last week.
Meanwhile, rival businesses are pouring billions of dollars into developing new shows in order to increase their streaming offerings. Disney Plus (Walt Disney) and HBO Max (AT&T Inc) compete with Netflix . In addition, when restrictions are gradually lifted, the introduction of theatres will present a new challenge to the streaming business.
Netflix’s future plans.
Netflix is attempting to join the mobile video game market as part of its growth strategy. The company wants to extend its gaming portfolio in 2022 after launching 10 titles in 2021.