> It was specifically due to not meeting expected subscriber numbers
Sure, but "not meeting expected subscriber numbers" doesn't mean "the company is soon going to be unable to keep the lights on" or even "the company has an unsustainable business model and will fail". It just means market analysts believed Netflix would grow at a particular rate, but they grew at a lower rate. Wall Street is pretty fickle about growth numbers.
Also note that the stock price has partially recovered, to $355. A year of fairly steady stock price increase doesn't suggest to me that there's anything particularly wrong with the company.
Up higher, you said that a 75% price drop is "three quarters of the way to bankruptcy", which is... just not how the stock market works. The stock price is just a reflection of how the public market values ownership in the company. Hell, the stock price of a company going through bankruptcy proceedings might not even drop all the way to zero, depending on the details of the bankruptcy (e.g., if the company's assets exceed liabilities, there'd still be money left over for shareholders even in a liquidation). And regardless, bankruptcy doesn't even mean the company is going to be shut down; plenty of companies come out of chapter 11 and remain going concerns.
Sure, but "not meeting expected subscriber numbers" doesn't mean "the company is soon going to be unable to keep the lights on" or even "the company has an unsustainable business model and will fail". It just means market analysts believed Netflix would grow at a particular rate, but they grew at a lower rate. Wall Street is pretty fickle about growth numbers.
Also note that the stock price has partially recovered, to $355. A year of fairly steady stock price increase doesn't suggest to me that there's anything particularly wrong with the company.
Up higher, you said that a 75% price drop is "three quarters of the way to bankruptcy", which is... just not how the stock market works. The stock price is just a reflection of how the public market values ownership in the company. Hell, the stock price of a company going through bankruptcy proceedings might not even drop all the way to zero, depending on the details of the bankruptcy (e.g., if the company's assets exceed liabilities, there'd still be money left over for shareholders even in a liquidation). And regardless, bankruptcy doesn't even mean the company is going to be shut down; plenty of companies come out of chapter 11 and remain going concerns.