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Netflix faces competition for user attention and trims guidance, Jesse Cohen notes

Netflix faces competition for user attention and trims guidance, Jesse Cohen notes
Netflix users move to TikTok and YouTube

Jesse Cohen, a senior markets analyst at Investing.com, said Netflix is experiencing an engagement problem, which he described as a worrying trend for the company. Cohen observed that users are shifting their attention to platforms like TikTok and YouTube, areas where Netflix previously dominated. He added that Netflix's trimmed full-year outlook amounts to management admitting they do not see a clear way to reverse this trend.

Cohen has previously highlighted significant market movements in Asia. He noted a nearly 4 percent overnight decline in the Kospi Index. In another report, Cohen covered SK Hynix shares dropping 10%, erasing $85 billion in value due to Chinese competition concerns, according to Investing.com.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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