By comparison to Netflix (NASDAQ) which saw its stock price drop 25% after-hours, the stock market once more makes crypto seem stable.

It was Tuesday’s revelation that streaming service Netflix had lost 200k customers during the first quarter 2022. The company also projects that it will lose another two million subscribers in this quarter. This news triggered the sudden tumble. The company’s first loss in user number since 2011, according to this report. Bloomberg.