It's hard to believe that a mere three months ago, Netflix stock had reached its all-time high at $300 per share. After Monday's announcement that the company lost over 800,000 subscribers due to its price hike, the stock took a sharp dip.
Netflix CEO Reed Hastings has admitted to the company's many mistakes that have spanned the past few months.
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5 Ways Netflix Can Stop the Bleeding
Here we look back at the events that contributed to Netflix's sharp downturn.
Do you think the brand retains enough industry clout to survive? What should Netflix do to turn the company around? Sound off in the comment section below.
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