the moment earnings dropped, yes. by now its just people getting stopped out, cutting losses, shorts and put buyers piling on. there is that idea of a death spiral where Netflix has to spend even more on content and licensing again while raising prices for users and pissing users off more, but that model was resilient for cable - although cable does not command such revenue multiples from traders.

I can see the business being fine, definitely watching for lower prices. netflix has always been a fun casino, super leveraged rocket.