The Netflix share price is falling. Should I buy?
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The share price of movie streaming service
Netflix(NASDAQ:NFLX) has tumbled in after-hours trading in the US. As I type, it’s down 8%. Earlier this morning, it was down 11%. Should Foolish UK investors regard this as an opportunity to buy this market darling on temporary weakness? Here’s my take.
Why is the Netflix share price falling?
It all seems to be down to the growth in subscribers so far in 2021. Although revenue of $7.16bn beat expectations, the market was expecting around 6.25 million new accounts to have been opened between January and March. The figure released last night fell far short of that at 3.98 million.
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