The post talks about Netflix stock drop in July 2024. It also shares the myth spreading around the company’s stock and why there is a need for a reality check.

Highlights –

• A lot of information is circulating about Netflix stock drop. Now the share price of the company is 626.96 US dollars.
• The reason for the stock drop is the decision to not disclose further subscriber additions.
• Bogus news is in the attention that Netflix stock dropped 40 percent after donating 7 million dollars to Kamala Harris’s campaign.

Netflix Stock Drop: Here Is the Real Overview

During the previous weeks, people witnessed Netflix stock drop. The fall is in the array of 6 to 12%. The falling share price is the result of the decision of the company to not disclose its subscriber additions.

The current position at NASDAQ – The shares of the company are valued at 626.96 US dollars.

The Announcement by Netflix

A few days before, Netflix made an important announcement. The company stated that it won’t disclose its subscriber additions anymore. From 2025, the organization won’t even tell the average revenue that it earns through each member.

This decision by the company is a matter of concern among investors. It has definitely influenced the stock market and has caused Netflix stock drop.

The Fake News That Is Grabbing Attention

Recently, some news went viral that Netflix stock has dropped drastically. It was stated to be a result of Reed Hastings donating 7 million dollars to the Kamala Harris election campaign.

An online source said that because of this decision, the stock of Netflix has dropped 40 percent. In terms of loss, the company went short of 2 billion dollars within 4 hours.

It is satirical news. The untrue information was spread by the Dunning-Kruger Times. Further, it is believed that this information is not correct. The website’s post was satirical and it was more of a humorous nature.

The things in the online world spread very quickly. The post became viral but no such information was confirmed from the side of Netflix. Hence, all the statements about Netflix crisis are false.

The website’s posts seem to be all fictional. Thus, the news has no sync with reality. The stock of the company didn’t fall by 2 billion dollars.

Netflix Stock Drop Conclusion

The point to understand is that the money that was contributed towards the Kamala Harris campaign was on a personal note. The amount was not donated from the end of Netflix. Many people on social media stated that if Netflix has so much money to contribute for donations then it should lower its subscription rates.

Netflix stock drop is indeed real. But the loss of 2 billion dollars is certainly fake news. The company’s share price has fallen because of the current market scenario. The other reason is a change in its internal policies. Hence, people should be aware of the fake news and they should get an insight before investing. For more news and stories on finance like and subscribe to Financereview.Org.