Netflix stock failed to rebound Thursday from a beatdown that came on the heels of news that it is hemorrhaging subscribers worldwide – a second day of staggering losses after 37% of the streaming giant’s share value was wiped out Wednesday.
Netflix stock dropped to $215.50 per share in early Thursday trading, a more than 5% loss on the day. The stock has cratered 60% overall since its January highs.
The filing says Twitter has not responded, and that Musk is exploring “whether to commence a tender offer to acquire all of the outstanding shares of Common Stock … at a price of $54.20