The US TV and film streaming company Netflix is the latest high-profile name to experience difficulties in the stock market.
Its stellar growth in the last few years and high visibility gave it frequent coverage in the financial press. In common with other darling stocks such as Tesla and GameStop it resonated with ordinary investors and was not dependent on the institutional sector to propel it into the limelight. The main growth period of Netflix started from the beginning of 2020 with the stock at US$330. It reached a high of US$680 in November 2021. Therefore, in less than two years the stock had more than double