What is the sentiment of this news? Please choose an answer from {strong negative/moderately negative/mildly negative/neutral/mildly positive/moderately positive/strong positive}.

Netflix ( NFLX , Financial) lost over a third of its market cap in one tumultuous session on Wednesday when it reported that it has lost subscribers over the last quarter for the first time in 10 years. It appears that many leveraged and/or momentum investors just dumped the shares in a massive panic as Netflix had previously guided to a slowdown in subscriber growth and not a decline.
strong negative