Netflix Nasdaq Giant Breaks Up Meme Stock Party

  Netflix Nasdaq Giant Breaks Up Meme Stock Party Big companies are tired of the small trying to eliminate job opportunities.   The stock market has been very volatile lately. As of noon EDT, the Nasdaq Composite (NASDAQINDEX:^IXIC) was down two-thirds after a brief rise in the morning. The proliferation of breast stocks has had the effect of making the markets violently up and down. This makes the shares of popular companies attractive to many investors and causes their values ​​to skyrocket. video streaming giant Netflix NFLX (NASDAQ) $542,95 -5,00 (-%0,91) has caused some inconvenience for shareholders at meme stock favorite GameStop GME (NYSE) $166,82 -0,80 (-%0,48)

Netflix is ​​playing to win

GameStop shares fell 7%, then fell another 3% on Thursday, losing an overall 10%. After hitting over $300 per share in early June, the video game retailer has lost close to half of its value in just six weeks. While it's unclear what Netflix has to do with GameStop The video streaming pioneer is looking into ways to attract more customers to its subscription-based service. One potential strategy involves giving subscribers access to video games they can play on Netflix, and reports indicate that the company may finally be getting serious about it, according to reports. As it is known, Netflix is ​​not the first time considering being in the video game market. However, there are sure signs that Netflix is ​​getting more serious this time around. By bringing an expert manager to lead the business, he showed that he can serve on the platform that allows subscribers to play in the short future. Although GameStop sees that real-time video game retail does not have a promising future, it aims to turn it into an online platform for gamers. Netflix's plans could make this a lot more difficult, especially given the massive subscriber base the video streaming company has.

Great job comeback.

Most notably, the struggle between Netflix and GameStop has led to the rising trend of large companies battling the devastating effects of small businesses.    

Source: The Motley Fool

 

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