Credit Suisse downgrades Netflix, says it's losing its luster as a 'stay-at-home' play

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New for subscribers: Credit Suisse downgrades Netflix, says it's losing its luster as a 'stay-at-home' play Check out CNBCPro for a free trial.

is set to struggle over the next couple of quarters after seeing its growth pulled forward during the global pandemic, Credit Suisse said in a new note to clients.

for the second half of the year, sending its shares tumbling in extended trading. Credit Suisse expected guidance of 5.2 million subscribers for the third quarter, while Netflix projected 2.5 million.

 

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Pro Netflix to the garbage because it supports homosexuals, it is a very disgusting platform, subscribed to Amazon Prime

Pro Internet technology companies rule the world.

Pro It made money, so it’s no longer a growth stock. It was all about subscriber growth no matter how much money rhey lost. Subscriber growth is decelerating, so it will have to be valued like a cable company soon.

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