Netflix falls as much as 8% as the rest of tech stocks take a beating

Netflix was down as much as 8 percent on Wednesday, as tech stocks overall took a dive.

Just last week, Netflix share prices surged as much as 15 percent on earnings. The company met revenue estimates and reported almost 7 million new subscribers. Netflix stock has now fallen below pre-earnings prices.

The S&P 500 technology sub-sector was also down as much as 2 percent on Wednesday.

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