The world's leading entertainment streaming company Netflix Inc. (NFLX), in Los Gatos, Calif., offers TV shows, documentaries, and feature films in various genres and languages to 214 million paid subscribers in more than 190 countries. Because of its broad market reach and original production capacity, the company continues to hold the title of "most used streaming platform" globally.
However, the stock declined 21.8% in price on Friday after the company reported sluggish subscriber growth in its fiscal fourth-quarter earnings release. This was NFLX's worst day since July 25, 2012, when its shares declined 25%. It was also the stock's worst week since July 27, 2012, when it plummeted almost 28% in price.
