Investors have slashed the price of Netflix stock a whopping 35% since yesterday’s announcement that 800,000 customers had abandoned the company last quarter. Shares are down from a high of around 300 in July, when things really started to go kablooey.
Henry Blodget on the Yahoo! Daily Ticker has this to say about the collapse:
“I went through the dot-com collapse. I actually don’t remember a high-flying stock collapsing this quickly.”