By Frank Pallotta, CNN BusinessCall Eleven and Sheriff Hopper of “Stranger Things,” because Netflix’s world has been turned upside down. The news shocked Wall Street and sent shares plummeting 35% Wednesday morning, wiping out $50 billion in market cap. And they’re wondering what the future of the company — and all of streaming — might look like. “What worked until this point may not be working anymore,” Michael Nathanson, a media analyst at MoffettNathanson, told CNN Business. Stranger things are happeningAnother area that could help Netflix: advertising.

Source: CNN April 20, 2022 17:42 UTC