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Netflix Shares Tumble Amid Engagement Worries | Jamaica News
Description
Netflix faced a significant stock drop of over five percent following a quarterly earnings report that raised concerns regarding declining viewer engagement and revenue growth. Despite reporting revenues of $12.87 billion and net income of $3.7 billion, investor confidence remains shaky due to leadership changes and a lack of updates on subscriber view hours. While there was notable growth in India, the company is also considering a workforce reduction of about 1,000 jobs, complicating its
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