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SHAREHOLDER ALERT: Weiss Law Investigates Netflix, Inc.

NFLX

NEW YORK, May 10, 2022 /PRNewswire/ -- Weiss Law, a national shareholders' rights law firm, is investigating possible false and misleading statements , accounting and reporting practices and breaches of fiduciary duty and violations of the federal securities laws by the Board of Directors and certain Company officers of Netflix, Inc. (NASDAQ: NFLX) ("Netflix" or the "Company") concerning the Company's growth and customer retention, leading to a significant stock price drop after Netflix revealed in April that it had lost more than 200,000 subscribers.

(PRNewsfoto/WeissLaw LLP)

If you own Netflix shares and wish to discuss this investigation, or share information which you have, or if you have any questions concerning this notice or your rights or interests, visit our website at
https://www.weisslaw.co/news-and-cases/nflx
Or contact:
Josh Rubin, Esq.
stocks@weisslaw.co
(212) 682-3025

THERE IS NO COST OR OBLIGATION TO YOU

Netflix's share price plummeted from approximately $597.37 in January to $226.19 at the end of April, after revelation that: (1) Netflix was exhibiting slower acquisition growth due to account sharing by customers and increased competition from other streaming services; (2) it was experiencing difficulties retaining customers; (3) that the Company was losing subscribers on a net basis; (4) its financial results were being adversely affected; and (5) the positive statements about its business, operations and prospects were materially false, misleading, and lacked a reasonable basis.

Weiss Law has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients. For more information about the firm, please go to: http://www.weisslaw.co

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/shareholder-alert-weiss-law-investigates-netflix-inc-301544505.html

SOURCE Weiss Law



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