Netflix: Coro's stock soared

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mso-bidi-language:GU'>WASHINGTON :GU'>Corona hasn't recovered yet ,GU'>but the OTT platforms like Netflix, which have been booming due to the ease of staying at home, are starting to fade. Netflix managed to add barely 2.5 million subscribers in the current quarter, which is less than its estimate.

mso-bidi-language:GU'>Shares fell 23 percent on Wednesday due to poor performance by Netflix, the biggest drop since October 2014. The reason is that investors are moving away from it. Shares of Netflix and Video Software Zoom topped the list when Corona spread around the world in 2020 , while the rest fell. Today, Zoom shares are mso-bidi-language:GU'>at post-May 2020 lows. Netflix subscriptions have also dropped as lockdowns have been lifted in most parts of the world today. It has a direct effect on its share price.