Netflix shares are trading lower after the WGA West arguing the company is among 'gatekeepers' of the entertainment industry and called for regulation of alleged anti-competitive practices.
Portfolio Pulse from Benzinga Newsdesk
Netflix shares are trading lower following the WGA West's argument that the company is among the 'gatekeepers' of the entertainment industry. The WGA West has called for regulation of alleged anti-competitive practices.
August 17, 2023 | 7:25 pm
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NEGATIVE IMPACT
Netflix's stock is trading lower due to allegations of anti-competitive practices and calls for regulation by the WGA West.
The WGA West's call for regulation of alleged anti-competitive practices has negatively impacted Netflix's stock. As a result, investors may be concerned about potential regulatory actions, leading to a decrease in the stock's value.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100