Netflix, Coinbase, and Meta lead Wall Street’s biggest year-to-date losers list

By Chris MorrisFormer Contributing Writer
Chris MorrisFormer Contributing Writer

    Chris Morris is a former contributing writer at Fortune, covering everything from general business news to the video game and theme park industries.

    Netflix, a Wall Street darling during the pandemic, is now one of the worst performing stocks of 2022 year to date.

    The streaming service, which saw shares tank after it announced its first drop in subscribers in a decade, is down 67% year to date. And it’s hardly the only stock that’s seeing big losses.

    Fortune looked at some of the biggest year-to-date declines on Wall Street, and many companies that saw big gains over the past two years are seeing a sharp reversal of fortunes in 2022. While this list does not reflect the biggest drops overall, it does illustrate just how severely this year’s market volatility has affected many once-high-flying companies.

    All percentage changes are as of 11:30 a.m. ET on Friday.

    Netflix

    Year-to-date decline: -66.5%

    What a $10,000 investment on Jan 3. is worth today: $3,350

    Teladoc

    Year-to-date decline: -64.3%

    What a $10,000 investment on Jan. 3 is worth today: $3,570

    Coinbase

    Year-to-date decline: -51.5%

    What a $10,000 investment on Jan. 3 is worth today: $4,950

    Chewy

    Year-to-date decline: -47.8%

    What a $10,000 investment on Jan. 3 is worth today: $5,220

    Virgin Galactic

    Year-to-date decline: -41.8%

    What a $10,000 investment on Jan. 3 is worth today: $5,820

    AMC

    Year-to-date decline: -41.4%

    What a $10,000 investment on Jan. 3 is worth today: $5,860

    Zoom

    Year-to-date decline: -43.2%

    What a $10,000 investment on Jan. 3 is worth today: $5,680

    Meta

    Year-to-date decline: -39%

    What a $10,000 investment on Jan 3. is worth today: $6,100

    Nvidia

    Year-to-date decline: -35.6%

    What a $10,000 investment on Jan. 3 is worth today: $6,340

    Curious who the big winner is so far in 2022? That would be Peabody Energy, which is up over 111% this year. That $10,000 investment in January would now be worth $21,146.

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