Nightmare: Netflix Hit with Shareholder
Lawsuit Alleging Executives Misled Investors
Amid Subscriber Exodus
Breitbart,
by
David Ng
Original Article
Posted By: Beardo,
5/4/2022 10:11:42 PM
As its stock tanks and its subscribers continue to flee, Netflix is now facing a shareholder lawsuit accusing the left-wing streamer of misleading investors about the difficulties the company was experiencing in retaining customers.
The lawsuit, which was filed Tuesday in a northern California federal court, covers Netflix shareholders who bought the stock between October 19, 2021 and April 19, 2022 — a period during which the value of the stock plummeted a stunning 67 percent.
Reply 1 - Posted by:
Stencil 5/4/2022 10:16:05 PM (No. 1146829)
FAANG should be more AAG going forward
4 people like this.
Reply 2 - Posted by:
formerNYer 5/4/2022 11:18:56 PM (No. 1146844)
Woke=Broke
32 people like this.
Reply 3 - Posted by:
MissNan 5/4/2022 11:21:12 PM (No. 1146845)
I hope the Obama’s were heavy investors.
39 people like this.
Reply 4 - Posted by:
Catherine 5/4/2022 11:30:10 PM (No. 1146848)
Netflix has been pulling a fast one, too, on number of views of their programs. They start counting when you stop scrolling around and check out what a particular movie is about. You know, read the info under the title. If they can get you to waste two minutes deciding, they count that as having been viewed. That's why it starts playing before you've even read the description. I bet lots of 'views' are manufactured this way.
38 people like this.
Reply 5 - Posted by:
Trigger2 5/5/2022 2:06:50 AM (No. 1146886)
Isn't Netflix where Barry landed to make his millions?
27 people like this.
Reply 6 - Posted by:
DCGIRL 5/5/2022 5:45:09 AM (No. 1146932)
My husband and I quit Netflix when the Obamas and Rice were provided board positions. Maybe it's time for them to hit the road. Please give them their walking papers.
38 people like this.
Reply 7 - Posted by:
anniebc 5/5/2022 5:56:29 AM (No. 1146942)
Anything associated with the ovomits seems to go to pot, doesn't it. No wonder the flies love him.
26 people like this.
Reply 8 - Posted by:
Strike3 5/5/2022 7:44:26 AM (No. 1146993)
A few years back, I had Netflix for a month. I had planned to watch every old movie that I had ever missed. I found about 20% of what I searched for. Their menu is not worth the trouble. The Obamas helped with my decision to drop it for good.
21 people like this.
Reply 9 - Posted by:
Hazymac 5/5/2022 7:54:41 AM (No. 1147007)
All by themselves the publicity stills for Netflix's He's Expecting should have run off at least 200,000 subscribers. The best advice to Netflix bigwigs is to stop insulting customers with wokeism. Billionaire Bill Ackman recently dumped 3.1 million shares of NFLX at a loss of $400 million. Wrong bet.
14 people like this.
Reply 10 - Posted by:
bigfatslob 5/5/2022 8:21:22 AM (No. 1147040)
Like the 8 long years under Obama's administration, a failure, so goes Netflix. Everything the lazy lay about touches turns to.... not gold for sure. Hit the door Barack, Wookie and Rice the people don't want or like you.
19 people like this.
Reply 11 - Posted by:
jimboscott 5/5/2022 8:56:30 AM (No. 1147082)
Suit should also include everyone who owned the stock as of 10/19/2021 as well. Continuing to hold an equity is just as much a decision as making an initial purchase.
4 people like this.
Reply 12 - Posted by:
Son of Grady 5/5/2022 9:02:59 AM (No. 1147089)
#3 I hope the Obamas lose big but they never invest,
they only take.
19 people like this.
Reply 13 - Posted by:
Speedypetey 5/5/2022 9:26:12 AM (No. 1147113)
I have watched a few series but the newest made for Netflix content has overt fascist Democrat messaging. I watch for maybe 30 minutes and go back to reruns of sitcoms when humor was inclusive. I bet they registered me as watching it all the way through.
9 people like this.
Reply 14 - Posted by:
MickTurn 5/5/2022 10:32:26 AM (No. 1147200)
Of course they did, Leftists have NO CLUE running a business, it's all about Stealing from others!
9 people like this.
Reply 15 - Posted by:
Zigrid 5/5/2022 11:07:27 AM (No. 1147254)
Here's a perfect example of conservatives walking with their wallets....in addition to investors understanding that WE don't like their managing of the company's work ethics....it couldn't happen to a nicer bunch of lefties...it takes courage to stand up to the "big guy"....but it can be done...
6 people like this.
Reply 16 - Posted by:
janjan 5/5/2022 11:52:07 AM (No. 1147308)
In the words of Obama’s minister, the chickens are coming home to roost. Entertainers and entertainment companies decided long ago to offend, insult, and basically write off more than half the country to push their version of social justice. Now they’re dealing with the results.
8 people like this.
Reply 17 - Posted by:
Omen55 5/5/2022 5:28:32 PM (No. 1147631)
Yes, #5.
Netflix announced they had cancelled the deal with the O's & the prince who shall be nameless.
0 people like this.
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