Netflix gets whacked after report says Trump will crack down on Chinese companies investing in the US
Mar 28, 2018, 02:01 IST
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- Shares of Netflix tumbled nearly 7% Tuesday, dragged down after a Bloomberg report said President Donald Trump's was moving to block China from investing in certain types of US tech companies.
- Tuesday's slide dropped Netflix shares to their lowest close since the beginning of March.
- Netflix's drop nearly doubled the loss of the tech-heavy Nasdaq 100, which lost 3.3%.
- Shares of Netflix are still up about 56% this year.