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Netflix hit with 10 downgrades as Wall Street analysts bail after 'shocking' subscriber loss

Co-founder and director of Netflix Reed Hastings delivers a speech as he inaugurates the new offices of Netflix France, in Paris on January 17, 2020.
Christophe Archambault | AFP | Getty Images

Netflix was hit with a wave of downgrades from Wall Street firms after the streaming giant unexpectedly shed subscribers during the first quarter, raising questions about its long-term growth potential.

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