- Netflix shares were hit hard for a third straught session Friday, and on track for their lowest close since January.
- The selling has come amid broader stock-market weakness, with the tech-heavy Nasdaq Composite index losing 6.4% since Wednesday, when the social-media network Facebook was sued by Washington, DC.
- Netflix has tanked 33% since its October peak despite the company posted strong third-quarter earnings and subscriber growth on October 16.
- Watch Netflix trade live.
Netflix tumbled as much as 7.3% Friday to an intraday low of $241.36 a share, and was on track for its lowest close since January.