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SHAREHOLDER ALERT – Labaton Sucharow Investigating Netflix Inc. – NFLX

NEW YORK (ClassActionDaily) Labaton Sucharow, a nationally ranked and award-winning shareholder rights law firm, announces that it is investigating Netflix Inc. (“Netflix” or the “Company”) (NASDAQ: NFLX) for potential violations of the federal securities laws.

In after-hours trading on Tuesday, April 19, 2022, Netflix shares fell more than 23% after the Company reported a loss of 200,000 subscribers during the first quarter.

Netflix previously told shareholders it expected to add 2.5 million net subscribers during the first quarter.  Analysts had predicted that number would be closer to 2.7 million.

The Company also said that it expects to lose another 2 million subscribers in the second quarter of 2022.

If you currently own stock or options in Netflix Inc. and suffered a loss, click here to participate.

If you want to receive additional information and protect your investments free of charge, please contact David J. Schwartz using the toll-free number (800) 321-0476 or via email at david@labaton.com.

The article was published on STL.News