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Anusuya Lahiri

INSANE: Netflix s crash triggers concerns for spotify too | Rare Historical Photos

Netflix Spotify SPOT Nasdaq FT

Netflix, Inc's (NASDAQ:NFLX) share price crash has pulled down other media stocks emulating the streaming giant's moves. Spotify Technology S.A. (NYSE:SPOT) valuation is also losing its mojo even before Netflix's crash, the Financial Times wrote.

Spotify's market capitalization is about twice its 2021 revenue, while Netflix's market cap is about three times its 2021 revenue.

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