Netflix sees worst stock drop in 2 years, loses $12 bn value
American streaming service Netflix on Monday witnessed its worst stock plunge in nearly 2 years amid US-China trade war concerns and the ouster of its Chief Communications Officer. The company's shares dropped nearly 6.5%, wiping out $12 billion from its market capitalisation. Shares of Netflix, which has a market value of $167 billion, are up more than 100% this year.