Netflix Just Dropped $8 Billion in Market Value on Disney+ News
The Netflix Inc. app is demonstrated for a photograph on an Apple Inc. iPad mini tablet. (Photographer: Daniel Acker/Bloomberg)

Netflix Just Dropped $8 Billion in Market Value on Disney+ News

(Bloomberg) -- Netflix Inc. lost as much as $8 billion in market capitalization in a few minutes of trading on Walt Disney Co.’s news of its upcoming -- and cheaper -- rival streaming service.
BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.