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Netflix is sliding after receiving its first Oscar nomination for best picture

Business Insider Tuesday, 22 January 2019
· *Netflix on Tuesday received an Oscar nomination for best picture for the black-and-white drama "Roma." It was the streaming giant's first nomination for best picture.*
· *Despite the announcement, shares of Netflix slid nearly 3%, underperforming the broader market.*
· *Watch Netflix trade live here.*

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News video: Roma Gives Netflix First Best Picture Oscar Nomination

▶ Roma Gives Netflix First Best Picture Oscar Nomination 00:40

On Tuesday, black-and-white Spanish-language drama "Roma" from director Alfonso Cuarón also became the first film distributed by a streaming service to earn a spot in the coveted best picture category. "Roma" earned 10 nominations total, including best director, best original screenplay and best...

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