Yahoo Finance’s Alexis Keenan joins the Live show to discuss corporate America's response to abortion care after Congress overturned Roe v. Wade.
In 2021, tech stock valuations were extremely elevated, and now many have swung too far to the downside. Investors tend to throw away exceptional companies right along with mediocre ones when broad market events happen.
Shelter-in-place orders, as well as other restrictions on consumer mobility, created the perfect environment for Netflix (NASDAQ: NFLX) in particular. In the first quarter of this year, Netflix only grew revenue 9.8%, and it lost 200,000 subscribers. Adding fuel to the fire was management's forecast that for Q2, Netflix would lose 2 million customers.