After its share price fell 25%, Netflix is more volatile than Bitcoin!

The performance of the Netflix NFLX stock price in 2022 was worse than the performance of the most popular digital currency, Bitcoin, BTC this year, as Netflix stock has lost 57% since January 1, 2022 when it was at its peak this year at $597.37.

In comparison, the bitcoin price has fallen by 11% overall since its 2022 opening at $46,319 to $41,288 according to CoinGeco, reflecting higher stability in bitcoin's movements against Netflix stock.

The latest fluctuations in the Netflix stock were driven by negative news that Netflix lost about 200,000 customers in the first quarter of 2022, with expectations that it will lose more numbers, up to two million more subscribers.
Which prompted investors to dispose of their Netflix shares in post-session trading, bringing the price of Netflix shares down by almost 25%, at 258.90 per share, at the same time as the price of Bitcoin is rising in the cryptocurrency market.