The streaming behemoth Netflix Inc. (NASDAQ:NFLX) found itself in a market maelstrom as its market capitalization nosedived by a staggering $9 billion during Wednesday’s session.br br The catalyst? A word of caution from the company’s CFO, Spencer Neumann, delivered at a Bank of America Conference.br br Netflix shares plummeted, diving by over 5 during the afternoon trading, and shaping up to become the third-worst session endured by the streaming giant in 2023.br br Neumann’s revelation about the company’s expected profit margins was at the center of the storm.br br He offered a subdued forecast for operating margins, pegging them in the range of 18 to 20, a far cry from the prevailing consensus, which stood firm at 22.1. In an attempt to cushion the blow, he also stressed that Netflix is “nowhere near” its peak margins.