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Netflix Shares Reel on Loss of Status as Pandemic Darling

  • Shares are on track for biggest quarterly drop since 2012
  • Investors want clarity on its strategy: Huntington’s Klink
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A conspicuous name is missing from the sharp rebound in megacap tech stocks: Netflix Inc.

Entering the final week of the first quarter, the streaming giant’s stock is headed for its biggest quarterly drop since 2012, down about 38%. That makes Netflix one of the biggest losers in the Nasdaq 100 Index at a time when Apple Inc., Amazon.com Inc. and Alphabet Inc. are on the verge of erasing their 2022 losses after staging a comeback the past two weeks.