Welcome to the Tech Mem Right Home for Wednesday, April 20th, 2022.

I'm Brian McCullough. Today, Netflix shares Crater after earnings, and the company might be turning to add

supported streaming to eke out some growth.

CoinBases, NFT Marketplace is live.

Why crypto stocks are uncoupling from the underlying crypto market, why the surge in zero days might actually be good

news and the tech bubble that would never burst.

At least so far, here's what you miss today in the world of tech.

Ah, springtime. When a young person's fancy lightly turns to thoughts of Tech earnings, Netflix kicked

off Tech earnings season for us once more by dropping a

doozy. The company lost 200,000 net subscribers in the coming in at 7.87 billion versus 7.95 billion estimated. The stock this morning opened down more than 35 percent,

quoting Yahoo Finance.

Netflix's drop-in new users came as a surprise to Wall Street with analysts looking for a slowdown, but still positive growth in subscriptions in the first three months of 2022.

Subscribers grew by nearly 4 million in the same quarter last year.

In total, Netflix exited the first quarter with 221.64 million global subscribers.

Netflix was all about subscribers for so long,

Santosh Rao.

Manhattan Venture Partners head of research told Yahoo Finance Live

Tuesday afternoon following Netflix's results.

The whole story has to be evaluated from a lower base now, and the multiples are getting compelling at this point, but we need to see that the growth story is still intact and they have a strategy to tackle the challenges ahead, end quote. For the current quarter, Netflix said it expected an even steeper decline in new users.

The streamer said it sees subscribers declining by 2 million in the fiscal second quarter,

whereas consensus analysts were looking for a gain of 2.4 million end quote.

The lone bright spot for Netflix last quarter was the addition of 1.09 million subscribers in the Asia Pacific region,

...