Netflix's (NASDAQ: NFLX) fortunes have quickly reversed. Several entertainment companies entered the streaming industry more aggressively, seeing it as an excellent opportunity. The combination has been bad news for Netflix.
Netflix (NFLX) launches Mystery Box feature for kids profile besides multiple accessibility features for its disabled audiences.
This year has been a trying time for growth investors, as a wide swath of growth stocks has taken a sharp tumble. The Nasdaq Composite Index is down nearly 28% year to date, plunging the bellwether technology stock index into its second bear market since 2020. While the Federal Reserve's recent interest rate hike of 0.5% -- the sharpest increase in the last 22 years -- was the immediate trigger, the four-decade high inflation and the monthslong global supply-chain issues have been the real culprits behind the slowing economy.