Why Is Netflix (NFLX) Stock Down Today, Oct 21? Weak Q4 Outlook and Major Layoffs Fuel Selloff

NetFlix (NFLX) fell 5.31% to $65.04 on October 21, 2026, after weak fourth-quarter profit guidance and a cut to its full-year advertising-revenue forecast. This analysis covers the earnings reaction, business risks, recovery conditions, and technical levels traders should monitor next.