Netflix shares continue to drop

For the second consecutive day, shares of Netflix were crushed, as investors scramble to get out of the stock.

Netflix shares continue to drop sharply, plunging 35% Tuesday, after the company says it lost 800,000 customers in the third quarter and forecast fourth quarter earnings below expectations.

The company that distributes movies over the internet has watched its stock slide and erase about $12 billion from the company’s market value in just 104 days.