Slowing Sub Growth, Trump Tariffs Rattle Markets
Shares of Netflix fell 8.5% Thursday as investors reacted to analyst projections for slowing subscriber growth after the streamer’s record gains last year on its password-sharing crackdown. The stock’s decline also came as the wider market dropped on President Trump’s shifting decisions on tariffs imposed on Canada and Mexico.
Other media and tech stocks seeing declines Thursday included Spotify (-7.4%), Warner Bros. Discovery (-6.4%), Roku (-6.4%), Disney (-3.6%), Meta (-4.35%) and Amazon (-3.7%). Gainers included Paramount Global (+2.2%) as well as Comcast (+2%) and Sony (+0.3%).
Market indexes were down Thursday, with S&P 500 dipping 1.78% and the Nasdaq Composite declining 2.61%. That came after Trump said he would…
