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Netflix Bloodbath: Why NFLX’s Market Cap Plunged $12 Billion in 3 Days – CCN.com

Netflix (NLFX) stock plunged by more than 6 percent within hours after the U.S. stock market opened, wiping out $12 billion from the market capitalization of the company in merely three days. Netflix stock is down substantially f.rom its record high, demonstrating a poor year-to-date growth. | Source: Yahoo FinanceThe major factors behind the steep…