Disney has officially launched its ad-supported tier and raised prices on its ad-free option as streaming competition heats up.
After growing like a weed during the pandemic-induced lockdowns, Netflix (NASDAQ: NFLX) fell on hard times. The combination of tough year-over-year comparisons and slowing growth, plus an ill-timed price increase, sent the streaming platform's rampant growth into reverse, shedding nearly 1.2 million subscribers during the first six months of 2022. While understandable, this analysis seems to ignore the company's biggest growth opportunity.
The S&P 500 declined for the fifth consecutive day on recession fears.