Netflix marks worst decline in years

|By:, SA News Editor

Netflix (NASDAQ:NFLX), a relatively high-beta stock, took today's market decline particularly hard, down 6.5%.

That fall of $26.61 comes amid its worst intraday decline in nearly two years; it shaved some $11.5B off the company's market cap.

It's the third straight decline for the stock.

Late Friday, the company's chief communications officer said he was departing the company after incidents of insensitive comments came to light and were addressed by CEO Reed Hastings.

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