www.cartoonbrew.com/business/why-did-netflixs-value-plunge-by-over-20-overnight-212642.html
Netflix is still leading by some way, with 221.8 million subscribers at the end of 2021. Amazon’s Prime Video had around 175 million active streaming users by Q1 last year, although it is not exclusively a streaming service. Disney+ had 118.1 million subs as of October 2021, and is targeting 230–260 million by September 2024.
Netflix’s stock price fell over 20% in after-hours trading, wiping nearly $45 billion from its market capitalization. … Disney shares are down nearly 6% this morning, Roku around 6%, and Viacom 5%. Anxiety spread as some investors worried about how much more the streaming market as a whole can grow. “They’re saying the streaming wars are over,” Rich Greenfield told CNBC’s Fast Money.
