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Netflix’s Shares Fall By Nearly 2%

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Streaming giant, Netflix, has seen drop in its shares value for this week.

The company registered
nearly 2% fall in its shares on Friday, May 22, 2020, closing at $429.32.

For five consecutive times, Netflix has recorded declines in its shares.

On Tuesday, May 19, it gained a record high of $458.97.

It would be recalled that in April 2020, Netflix announced that its subscriptions worldwide jumped by 16 million in the first quarter as a result of widespread stay-at-home orders due to COVID-19.

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