Press release
Investigation announced for Investors in Netflix, Inc. (NASDAQ: NFLX) over possible Violations of Securities Laws
An investigation for investors in Netflix, Inc. (NASDAQ: NFLX) shares over potential securities laws violations by Netflix, Inc.
Investors who purchased shares of Netflix, Inc. (NASDAQ: NFLX), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether certain statements by Netflix, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Netflix, Inc. reported that its annual Total Revenue rose from over $24.99 billion in 2020 to over $29.69 billion in 2021, and that its Net Income increased from over $2.76 billion in 2020 to over $5.11 billion in 2021.
On April 19, 2022, after the market closed, Netflix, Inc. reported that it lost 200,000 subscribers during the first quarter, while analysts had expected the Company to add 2.5 million net subscribers.
Shares of Netflix, Inc. (NASDAQ: NFLX) declined from over $620 per share in December 2021, to as low as $189.02 per share on April 27, 2022
Those who purchased shares of Netflix, Inc. (NASDAQ: NFLX) have certain options and should contact the Shareholders Foundation.
Contact:
Christopher Clausen
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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