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Netflix reported huge gains during in 2020 and 2021. The pandemic had forced everyone to sit at home, but consumers are now moving from streaming services towards out-of-home entertainment like movie theaters, restaurants and theme parks

Netflix loses gains made during the pandemic

The stock has been struggling since it reported a low subscriber growth in January

By Yashasvini Razdan
Published - Mar 14, 2022, 09:58 PM ET
Last Updated - Feb 16, 2024, 01:54 PM EST

• The stock has been struggling since it reported a low subscriber growth in January

• Its shares fell more than 2% to around $332 each, a 52-week low

Netflix's ( NFLX) stock has lost all the gains it got during the pandemic on Monday. The stock has fallen consistently from the all-time highs of November 2021.

Its shares fell more than 2% to around $332 each, a 52-week low. That's more than 50% down from the company's 52-week high of $700.99, which it hit in mid-November.

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