Netflix Stock Plunges 38% on Shocking Subscriber Loss

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Netflix Stock Plunges 38% on Shocking Subscriber Loss
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Shares of Netflix plunged Wednesday after the streamer reported it lost subscribers in its most recent quarter.

. And while analysts seemed generally positive about these changes, they mostly believe those changes will take a year or two to be meaningfully implemented.

"Although their plans to reaccelerate growth have merit, by their own admission they won't have noticeable impact until '24, a long time to wait on what is now a 'show me story,'" Bank of America analysts said in a Wednesday note.

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