Netflix shares fall 1% in pre-market as Elon Musk echoes boycott calls; market cap drops $17 billion in 3 days

Netflix extended its losing streak in pre-market trading on Thursday, dropping 0.8% to a two-month low of $1,162 per share on Nasdaq, following a 2.3% decline in the previous session, a rare stumble on a day when the S&P 500 notched a record close above 6,700.

If the stock continues to slide today, it will mark a fourth consecutive day of losses.